Energi Mega To Buy 36.7% Stake In ONWJ Block From CNOOC
PT Energi Mega Persada, a firm controlled by Indonesia's Bakrie group, announced its plans to acquire a 36.7% stake in Offshore North West Java (ONWJ) oil and gas block from CNOOC Ltd (NYSE: CEO) for $212 million.
CNOOC shares closed at $173.41 yesterday.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.