Ezra to Divest 51% Interest in Lewek Arunothai FPSO
by Ezra EOC
|Monday, March 04, 2013
Ezra EOC disclosed late Friday that will sell 51 percent interest in the entities owning and operating the floating production storage and offloading Lewek Arunothai.
Lewek Arunothai has been chartered by Hess Exploration and Production Malaysia for three years, with an option to further extend three years.
Under the agreement, Ezra EOC Friday also entered into a share sale and purchase agreement with Perisai Petroleum Teknologi BHD for the sale of 51 percent of the equity interest in the entities owning and operating the FPSO and the purchase 50 percent of the equity interest in SJR Marine.
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