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EOR to acquire interest in Wailawi oil & gas project


Published Sep 24, 2015
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Enhanced Oil & Gas Recovery Limited

Enhanced Oil & Gas Recovery Limited (EOR) has executed a Share Purchase Agreement to acquire 100 percent of Centre Energy Petroleum (CEP) from Vibrant Link SDN BHD, KEH Industrial Park SDN BHD and Union Pacific Trading Pty Ltd.

CEP holds an 85 percent economic/participatory interest in P.T. Benuo Taka Wailawi (Joint Venture Company) which is the holder of an Extended and Amended Co-operation Agreement in the Wailawi Oil & Gas Field in East Kalimantan, Indonesia.

CEP holds the rights on behalf of the Joint Venture Company to operate the Wailawi Oil & Gas Project pursuant to the Extended and Amended Co-operation Agreement.

Tags: Enhanced Oil & Gas Recovery Limited




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