COP nabs Liberia block

摘要

Canada's Canadian Overseas Petroleum (COP) will spend around US $65m to acquire Block LB- 13 offshore Liberia, West Africa. The operator has sealed a cash-and-shares deal with Liberia's Peppercoast Petroleum in a deal which includes COP paying Pppercoast up to $50m in cash and supplying a $15m loan to Peppercoast in return for equity in the block.