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Maersk Oil is aiming to grow by exploration and new business activities in Norway and is looking for a skilled and committed geoscientist (5 to 12 years of experience) for the office in Stavanger, Norway.
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Thorvik International Consulting AS provides services for European energy and environment industries, in recruitment, strategy and government affairs work.
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PA Resources ups Tunisian stakes
By Upstream staff
Swedish minnow PA Resources has paid $230 million for a 78% stake in the Didon field and a 35% share in the Zarat permit, both in Tunisia.
The acquisitions will increase PA Resources' P50 reserve base by 80 million barrels of oil equivalent, from 38 million boe to 118 million boe.
Output is expected to increase from about 3300 barrels per day to about 10,000 bpd and further to 21,000 bpd in 2006.
PA Resources had 22.22% in the Didon field prior to the transaction and will become sole owner in the field. The company had a 9.99% stake in the Zarat permit, which through this transaction has been increased to 45%.
The minnow will pay $45 million up front at the signing of the deal, $60 million on 18 August and the remaining amount at the closing of the deal, immediately following approval by the Tunisian government.
In case of failure to meet the payments, PA Resources will have to pay an indemnity of $25 million as compensation.
