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Ping Petroleum and Hibiscus Petroleum To Acquire Operated Interest of Anasuria Cluster
Ping Petroleum Limited (“Ping”) and Hibiscus Petroleum Berhad (“Hibiscus”) are pleased to announce that they have jointly entered into sale and purchase agreements to each acquire 50% of the entire interests of Shell UK Ltd, Shell EP Offshore Ventures Limited (“Shell”) and Esso Exploration and Production UK Limited (“Esso”) in the Anasuria Cluster of oil and gas fields effective from 1st January 2015. The acquisition of the Anasuria Cluster is subject to regulatory approvals, and third party consents, including the UK Government’s approval and Hibiscus shareholder approval.

date.png19 Aug 2015 11:01 | comments.png 0 Comments | tags.png europe exxon hibiscus north-sea ping shell uk upstream [ More ]
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