Indonesia's Medco agrees to acquire ConocoPhillips' 40% stake in Natuna block

Indonesia's Medco agrees to acquire ConocoPhillips' 40% stake in Natuna
block

Indonesia's PT Medco Energi Tbk said on Monday it had agreed to acquire
ConocoPhillips' entire 40 per cent interest in an oil and gas production
sharing block that the US firm operates in the Natuna Sea.

Medco's announcement, which confirmed a Reuters report on Friday, did not
disclose the value of the purchase.

Medco's acquisition of ConocoPhillips' interest in the South Natuna Sea
Block B off the northwest coast of Borneo island would follow its purchase
of a majority stake in Indonesia's second-biggest copper and gold miner
Newmont Nusa Tenggara.

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Ref:
http://www.businesstimes.com.sg/energy-commodities/indonesias-medco-agrees-t
o-acquire-conocophillips-40-stake-in-natuna-block?xtor=EREC-16-1[BT_Newslett
er_1]-20160920-[Indonesia%27s+Medco+agrees+to+acquire+ConocoPhillips%27+40%2
5+stake+in+Natuna+block]&xts=538380

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com