CNOOC Ltd. to jointly develop the Madura BD gas and natural gas liquids field located off the coast of Indonesia’s East Java. The agreement covers the development and further exploration of the Madura Straits production sharing contract (PSC). CNOOC Ltd will pay Husky $125 million to acquire a 50% equity interest in Husky Oil (Madura)…
INDONESIA: Husky sells half of Madura gas and NGL stake to CNOOC for $125 million
Posted on April 20, 2008 by EnergyAsia