text: Bowleven reaches mutually acceptable agreement with Petrofac (Scandinavian Oil-Gas Magazine) Scandoil
  Bowleven reaches mutually acceptable agreement with Petrofac
  Bowleven has reached a mutually acceptable agreement with Petrofac to terminate the Strategic Alliance Agreement. This satisfies one of the conditions of the LUKOIL and NewAge farm-out transaction announced on 24 June 2014. The termination agreement is subject to completion of the farm-out.
  Under this arrangement Bowleven will pay $9 million to Petrofac upon completion of the farm-out transaction as full and final settlement and the Strategic Alliance Agreement shall terminate.