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Premier Oil sells Block A Aceh, onshore Indonesia


Published Jul 2, 2014
Premier Oil-3

Premier Oil has sold its wholly owned subsidiary Premier Oil Sumatra North BV (POSN) to KrisEnergy Asia Holdings B.V. POSN holds a non-operated 41.67 per cent equity interest in Block A Aceh, located onshore North Sumatra, Indonesia.

The after-tax consideration is $40 million plus working capital adjustments.

Completion of the transaction is subject to the receipt of all government approvals.

Tags: Premier Oil




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