Soco in merger talks with Kuwait Energy

Image: Soco International

London-listed oil and gas company Soco International is discussing a possible merger with MENA-focused oil and gas company Kuwait Energy. 

Responding to press speculations regarding a possible transaction with Kuwait Energy, Soco on Monday confirmed that, in the context of its stated objective to strategically reshape its business and grow its portfolio, it is evaluating a potential merger of equals with Kuwait Energy.

Discussions with Kuwait Energy’s newly-constituted board of directors are preliminary and no transaction terms have been agreed, Soco stated.

The company underlined that there can be no certainty that any agreement will be reached between SOCO and Kuwait Energy or its shareholders.

Soco concluded that it team evaluates M&A opportunities with reference to strict strategic, financial and operational criteria. Any transaction will be pursued only if it is determined by Soco’s board to be in the best interest of shareholders.

Soco International has assets in Vietnam, Congo, and Angola. Kuwait Energy’s assets are located in Egypt, Iraq, Yemen, Oman, and Kuwait.

Share this article

Follow Offshore Energy Today

Events>

<< Apr 2018 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

9th SCADA World Summit 2018

The 4-day conference event’s key highlights will include case studies from leading energy & utilities companies, interactive discussions…

read more >

AIPN’s 2018 International Petroleum Summit (IPS)

The event features two full days of conference sessions, four pre-conference workshop offerings, a highly-rated structured Speed Networking…

read more >

Mozambique Mining, Oil & Gas and Energy Conference and Exhibition (MMEC 2018)

MMEC 2018 will continue to showcase and explore developments in our country’s thriving Oil & Gas, Mining and Energy sectors and to also focus…

read more >

The Offshore Technology Conference (OTC) 2018

The Offshore Technology Conference (OTC) is where energy professionals meet to exchange ideas and opinions to advance scientific…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply