(EnergyAsia, July 19) — Hong Kong-listed CITIC Resources Holdings (CRH) Limited said wholly owned subsidiary CITIC Seram Energy Limited has agreed to acquire a 51% participating interest in Indonesia’s Seram Island Non-Bula Block from KUFPEC (Indonesia) Limited for US$97.4 million. Upon completion of the acquisition, which is conditional upon certain Indonesian government approvals and…
INDONESIA: China’s CITIC Resources to acquire 51% participating interest in offshore oilfield
Posted on July 19, 2006 by EnergyAsia