Petsec has acquired Oil Search's 40% interest in Block 7.
Full announcement below.
Petsec Energy has completed the transaction with Oil Search to acquire all of the shares of its subsidiary Oil Search (ROY) Limited which holds a 40% working interest (34% participating interest) in the Al Barqa (Block 7) licence and operatorship, in the Republic of Yemen.
Completion of the Oil Search agreement follows the 2016 transaction with KUFPEC (25% working...
