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Article: Hess, Premier interests change hands.
- Article from:
- Australasian Business Intelligence
- Article date:
- November 5, 2002
CopyrightCOPYRIGHT 2002 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Nov 04, 2002 (Asian Oil and Gas - ABIX via COMTEX)
Amerada Hess is to obtain a 23 per cent interest in the Natuna Block A petroleum permit in Indonesia. The interest will be obtained from Premier Oil, which will transfer its interest in the offshore gas field in exchange for the purchaser cancelling its 25 per cent shareholding in Premier Oil. Other companies involved in the Natuna Block A permit are Kuwait Foreign Petroleum Exploration Company and Petronas International Corporation (PICL). Meanwhile PICL has exchanged its 25 per cent share holding in Premier Oil for that company's interest ...