SouthWest Energy to Purchase Petronas' O&G Interest in Ethiopia
SOUTHWEST ENERGY has agreed to purchase from PETRONAS Carigali Overseas Sdn Bhd (PETRONAS Carigali), all of its oil and gas interests in Ethiopia. The transaction is expected to be completed during the first quarter of 2011 following the fulfilment of certain conditions precedent, including regulatory approval.
p style="margin-top: 0.18cm; margin-bottom: 0.18cm; widows: 2; orphans: 2;">SOUTHWEST ENERGY has agreed to purchase from PETRONAS Carigali Overseas Sdn Bhd (PETRONAS Carigali), all of its oil and gas interests in Ethiopia. The transaction is expected to be completed during the first quarter of 2011 following the fulfilment of certain conditions precedent, including regulatory approval.