Sona Petroleum Bhd says it is buying a 40% stake in a producing oil and gas field in the Gulf of Thailand from UK-listed Salamander Energy Plc for US$280mil (RM903.64mil).
KUALA LUMPUR: Sona Petroleum Bhd is planning to buy a 40% stake in a producing oil and gas field offshore of Thailand from UK-listed Salamander Energy Plc for US$280mil (RM903.64mil).
Sona, one of the three locally-listed special purpose acquisition vehicles (Spac), said it had signed a heads of agreement with Salamander for the purchase of the stake in the latter’s unit Salamander Energy (Bualuang) Ltd (SEBG) in Thailand.
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