JAKARTA (AFX-ASIA) – PT Medco Energy Internasional said that the successful acquisition of Australia’s oil and gas firm Novus Petroleum Ltd could increase Medco’s average oil production by around 20%. “If the acquisition succeeds, Medco Energi will expand its 2P (proven and probable) reserves and average production by approximately 20%,” Medco said in a statement….
INDONESIA: Medco sees Novus takeover boosting average oil output by 20%
Posted on December 30, 2003 by EnergyAsia