SHAREHOLDERS in Bowleven have backed the alliance between the oil and gas firm and oil services giant Petrofac, which will provide funding to help bring its fields in West Africa into production.
Edinburgh-based Bowleven said all votes cast on a resolution to approve the strategic alliance at a general meeting were in favour of the deal. Petrofac has agreed to provide up to $500 million (£311m) funding for Bowleven's plan to bring fields in the Etinde permit offshore Cameroon onstream in return for a share of the cashflow from the development.
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