SapuraOMV to sell stakes in Peninsular Malaysia producing assets for US$9mil
KUALA LUMPUR: SapuraOMV Upstream (Malaysia) Inc, has agreed to sell its entire interests under SapuraOMV Upstream (PM) Inc in various producing assets located offshore Peninsular Malaysia to Singapore-based Jadestone Energy PLC for US$9 million (US$1=RM4.09). In a statement today, SapuraOMV said the effective date of the transaction was Jan 1, 2021 involving producing assets comprising of PM323, PM329, PM318, and AAKBNLP Production Sharing Contracts (PM assets). Apart from the US$9 million agreed purchase price, there were also contingent payments of up to US$6 million dependent on certain oi...
Source: thestar.com.my