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KrisEnergy buys 60% of exploration block in Thai gulf

Published Tue, Jan 28, 2014 · 10:00 PM
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KRISENERGY yesterday announced its acquisition of a 60 per cent stake in exploration block G3/48 in the Gulf of Thailand from UAE's Mubadala Petroleum.

When contacted, the Singapore-listed upstream oil and gas company declined to disclose the value of the deal.

The acquisition agreement, signed by its unit KrisEnergy (Gulf of Thailand) Ltd, includes the transfer of operatorship to KrisEnergy.

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