One-Page Deal Sheet
AWE to Sell Offshore Project Interest
Not Disclosed Awe Limited
Announced Date
January 29,2013
Close Date
January 29,2013
Transaction Type
Property
Proved Reserves
Location
Region
Asia - Pacific
Country
Indonesia
Play
Production & Reserves Reserves
Transaction Details: Subscribe to see
AWE Limited today announced that it had appointed Credit Suisse as its adviser for the planned sell-down of up to 50% of the Ande Ande Lumut (AAL) oil project, offshore Indonesia. AWE currently owns 100% and is the Operator of the North West Natuna PSC where the AAL
project is located. The estimated gross recoverable resource for the AAL project is 76 million barrels of oil. AWE has already booked a Contingent Resource (2C) of 43 million barrels which represents AWE’s 100% interest after the Indonesian Government’s share of the PSC. AWE’s Managing Director, Mr Bruce Clement, said that the…
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