Brief: Krisenergy Updates On Relinquishment Of Exploration Block SS-11 In Bangladesh

KrisEnergy

18/01/2021 14:12

Jan 18 (Reuters) - KrisEnergy Ltd  KRIS.SI :
    * BANGLADESH AUTHORITIES HAVE APPROVED, ON 13 JAN,
RELINQUISHMENT
OF ENTIRE BLOCK SS-11 AREA OVER BAY OF BENGAL, OFFSHORE
BANGLADESH
    * PURSUANT TO RELINQUISHMENT, US$5.5 MILLION BANK GUARANTEE
HAS
BEEN RETAINED BY BANGLADESH AUTHORITIES
    * BANGLADESH AUTHORITIES HAVE APPROVED TERMINATION OF SS-11
PRODUCTION SHARING CONTRACT
    * KRISENERGY REMAINS OPERATOR OF PRODUCING BANGORA GAS FIELD
IN
BLOCK 9 PSC ONSHORE BANGLADESH

Source text for Eikon:  ID:nSNZ6xPF9B 
Further company coverage:  KRIS.SI 

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