Rouge Rock sells exploration permit offshore Australia
May 7, 2021
Subsidiaries of Santos and SapuraOMV have acquired the AC/P50 permit offshore northwest Australia from Rouge Rock.
Offshore staff
MELBOURNE, Australia– Subsidiaries of Santos and SapuraOMV have acquired the AC/P50 permit offshore northwest Australia from Rouge Rock.
In 2018 Melbana Energy sold its 55% interests in this permit and AC/P51 offshore the Ashmore and Cartier Islands to Rouge Rock, with the terms including an upfront cash payment of around $397,000 and a 10% share of any future royalty Rouge Rock would receive for production from this permit area during a defined period.
The new purchasers have also negotiated the right to acquire AC/P51.
