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

for $212 million. CNOOC shares closed at $173.41 yesterday.