Market Overview

Energi Mega To Buy 36.7% Stake In ONWJ Block From CNOOC

Monica Gerson , Benzinga Staff Writer

December 22, 2011 5:19am Comments

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.

Posted-In: merger and acquisition News M&A

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Energi Mega To Buy 36.7% Stake In ONWJ Block From CNOOC

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