UK Business Park

Monument Oil & Gas

Kierran Cross
11 Strand
London
WC2N 5HR



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Monument Oil & Gas has received bid approaches from a number of companies thought to include Lasmo and Enterprise Oil, which could lead to a full takeover or the pooling of assets. [07-Apr-1999]

Monument Oil & Gas is considering plans to invest £250m in either a corporate acquisition or the development of existing fields in countries such as Iran. [23-Mar-1999]

Monument Oil & Gas is buying out its partner Neste's stake in an oil discovery in southern Algeria. [25-Jan-1999]

Monument Oil & Gas is to link up with Mobil in a major oil development in Turkmenistan, which will involve the development of the onshore Garashsyzlyk field and the exploration of the western part of the country. [11-Jul-1998]

Monument Oil & Gas is to take a 12.5% stake in a consortium headed by Azerbaijan's state oil company that has exploration and production rights for the Inam block in the south Caspian Sea. [20-Jun-1998]

Monument Oil & Gas has formed an alliance with Mobil to develop onshore oilfields in Turkmenistan, and a production sharing agreement will follow later with Mobil getting 52.4%, Monument 27.6% and the state oil company 20%. [23-Apr-1998]

Monument Oil & Gas is planning a £100m rights issue in order to fund projects in the Caspian Sea, Colombia, Algeria and the North Sea. [01-Apr-1998]

Monument Oil & Gas is organising a controversial oil export deal with Iran, in which it will supply refineries in northern Iran with oil from its Turkmenistan interests in return for oil produced in the south of Iran. [23-Mar-1998]

Monument Oil & Gas is to finance BP's share of an exploration programme in three North Sea blocks, and will get some of BP's equity in the blocks in return. [16-Mar-1998]

Monument Oil & Gas has reached agreement to farm into Emerald Energy's oil exploration programme in the Matambo block in Colombia. [08-Jan-1998]

Monument Oil & Gas has announced plans to boost its exploration programmes in Algeria, Pakistan and Turkmenistan, with funding coming from the revenues from its Liverpool Bay project. [23-Aug-1997]