SPC Production Company Ltd, a Singapore Petroleum Company Limited (SPC) subsidiary, has acquired from El Paso Production Oil & Gas Company the entire issued and paid-up share capital of Coastal Indonesia Sampang Ltd for US$23.2 million in cash plus working capital. El Paso is a wholly owned subsidiary of US-based El Paso Corporation. Coastal owns…
SINGAPORE SPC acquires Coastal Indonesia Sampang Ltd from El Paso Corporation for US$23.2 million
Posted on July 26, 2004 by EnergyAsia