Brief: Maha Energy Enters Into Farmout Agreement With Mafraq Energy
08/08/2022 11:27
Aug 8 (Reuters) - Maha Energy AB MAHAa.ST :
* MAHA ENERGY AB ENTERS INTO A FARMOUT AGREEMENT WITH MAFRAQ
ENERGY LLC FOR BLOCK 70 IN OMAN
* THROUGH ITS WHOLLY OWNED SUBSIDIARY MAHA ENERGY (OMAN)
LTD., HAS
ENTERED INTO AN AGREEMENT WITH MAFRAQ ENERGY LLC FOR MAHA TO
REDUCE PARTICIPATING INTEREST IN BLOCK 70 EXPLORATION AND
PRODUCTION SHARING AGREEMENT IN OMAN FROM 100% TO 65%
* AGREEMENT IS SUBJECT TO GOVERNMENT APPROVAL IN OMAN
* MAHA WILL CONTINUE TO BE OPERATOR OF BLOCK
Source text for Eikon: ID:nGNE7hQ0t2
Further company coverage: MAHAa.ST
(Gdansk Newsroom)
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