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Medco Energi sells rights in Tunisia Oil and Gas Blocks to OMV for $58m


Published Nov 7, 2011
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Medco Energi

Medco Energi will sell its entire stake in Medco Tunisia Anaguid, which holds interests in Tunisia's Durra concession and the Anaguid exploration area, to OMV (Tunesien) Production, a subsidiary of Austria's OMV.

OMV previously held operating rights at both the concession and exploration areas.

By selling its entire stake in Medco Tunisia Anaguid, Medco Energi gave up a 20 percent interest in Durra and a 40 percent interest in Medco Anaguid.

Tags: Medco Energi



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