KrisEnergy completes sale of Andaman II offshore block to BP

Published by Nicholas Woodroof, Editor
Oilfield Technology, Wednesday, 08 April 2020 10:00

KrisEnergy has completed a sale and purchase agreement with BP for the disposal of its 30% non-operated working interest in the Andaman II production sharing contract in the Malacca Strait, Indonesia.

The consideration for the disposal is US$15 million, subject to a retention sum of US$1.7 million which may be used by BP to offset against any payment obligations that may become due by KrisEnergy from the completion date until 31 December 2021.

Image courtesy of KrisEnergy

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/08042020/krisenergy-completes-sale-of-andaman-ii-offshore-block-to-bp/

MDL awarded contract by Saipem to support flex-lay campaigns in West Africa

Wednesday 25 June 2025 09:00

Maritime Developments (MDL) has been awarded a contract by Saipem to provide specialist equipment and operational support for two recent flex-lay campaigns offshore Ivory Coast, Senegal and Mauritania.

Image courtesy of KrisEnergy

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