On Thursday, all existing joint venture partners in Abu Sennan irrevocably and conditionally waived their pre-emption rights under the joint operating agreement. Partners in Abu Sennan concession include Kuwait Energy, which operates the site and has a 25% stake, Global Connect Ltd with 25% and Dover Investments with 28%. In July, Rockhopper agreed to sell its subsidiary Rockhopper Egypt Pty Ltd to United Oil & Gas PLC for USD24 million, consisting of an initial USD16 million payment, and a USD8 million prepayment financing structure coming from BP PLC. Remaining conditions for the sale includes approval from United Oil & Gas shareholders, and from the Egyptian government. In addition, United Oil & Gas said it has signed a sales and purchase agreement for the sale of North Sea blocks 15/18d and 15/19b to Anasuria Hibiscus UK Ltd for up to USD5 million.