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Friday, July 19, 2019 15:11 GMT
Mubadala Petroleum has signed an agreement with Premier Oil to farmout a 20% participating interest in each of the Andaman I and South Andaman Gross Split Production Sharing Contracts (PSCs). Mubadala Petroleum is the operator of both the Andaman I and adjacent South Andaman PSCs. Completion of the transaction is subject to customary conditions including government approvals. The Andaman I and South Andaman PSCs are located in the underexplored but proven North Sumatra basin offshore Aceh....More