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OMV : SapuraOMV agrees to divest its stakes in Peninsular Malaysia producing assets


SapuraOMV agrees to divest its stakes in Peninsular Malaysia producing assets
SapuraOMV Upstream (Malaysia) Inc ( SapuraOMV ), has agreed to sell its entire interests, under SOMV Upstream (PM) Inc. in various producing assets, located offshore Peninsular Malaysia to Jadestone Energy PLC, a Singapore-based, London-listed, an independent oil and gas company. These producing assets are PM323, PM329, PM318 and AAKBNLP Production Sharing Contracts (the PM Assets ). The agreed purchase price is USD 9 million, subject to closing adjustments. There are also contingent payments of up to USD 6 million dependent on certain oil price criteria being met. The effective date of the transaction is January 1, 2021. SapuraOMV s average year-to-date net entitlement production of the PM Assets is around 6 thousand barrels oil equivalent per day. ....

City Of , United Kingdom , Peninsular Malaysia , Malaysia General , Carigali Sdn , Shahril Shamsuddin , Peninsular Malaysia To Jadestone Energy , Bpm Inc , Sapuraomv Upstream Malaysia Inc Sapura , Jadestone Energy , Sharing Contracts , Joint Venture , Tan Sri Shahril Shamsuddin , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , தீபகற்பம் மலேசியா , மலேசியா ஜநரல் , பீயெம் இன்க் , பகிர்வு ஒப்பந்தங்கள் , கூட்டு துணிகர ,