NEWS ARCHIVE

KrisEnergy walks back from Aceh

SINGAPORE-based KrisEnergy has reduced its interest in the Block A Aceh production sharing contract to 15% by handing a 26.66% stake to operator Medco, as it scrambles to grab hold of its destiny.

Block A Aceh covers 1680sq.km and is located onshore Sumatra. Medco, which now has 85%, will continue to drive development of the block in the semi-autonomous province where a final investment decision...

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