Serica Wraps Up Sale of South East Asian Assets

Kambuna Field
(Click to Enlarge)

Serica Energy has completed the sale announced on December 7 of certain of its interests in South East Asia to KrisEnergy Limited.  

The cash amounts received by Serica total US $105.4 million including base consideration plus working capital and interim period adjustments.

Serica's interests in Indonesia now comprise a 25% interest in the Kambuna field, a 30% interest in the Kutai PSC and a 100% interest in the East Seruway PSC. The Company no longer holds any interests in Vietnam.





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