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| I presented exploration opportunity in Buzi Block Mozambique Basin |
EMP to farm out 50% interest in
Mozambique’s Buzi block
Friday, June 19, 2015 - 09:55AM GMT+7
By Febry silaban
IDX-listed upstream oil and gas company PT Energi Mega
Persada Tbk (EMP) is in the process of farming out up to 50 percent of its
interest in Buzi block in Mozambique, Africa, according to a top official of
the firm.
“We have opened the data room of the block since two
weeks ago in London,” EMP’s President Director Imam Agustino said.
Many companies are interested in the block, and now
there are four oil and gas companies from Africa and Europe that have been
shorlisted, according to Imam. "The agreement with the partner is expected
to be completed by the end of this year,” he said.
EMP owns 75 percent participating interest in the
block in a partnership with the Mozambique government who owns another 25
percent through Empressa Nacional de Hidrocarbonetos (ENH).
Editing by Johannes Simbolon
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| The EMP Team and SPTEC / Upstream Advisor team dinner together celebrated the succesful Data Room |
