Marine Link
Saturday, January 20, 2018

KrisEnergy Acquires 42 Pct Stake In Tanjung Aru Block

Maritime Activity Reports, Inc.

May 8, 2014

Makassar Strait

Makassar Strait


Singapore's oil and gas explorer KrisEnergy acquired a 42 percent stake in the Tanjung Aru block in the Makassar Strait from its partner Neon Energy on May 5, company spokesman Tanya Pang said.

The transaction occurred after Neon Energy failed to pay a cash call worth $1 million, submitted by KrisEnergy. (Kontan)

Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Jakarta Newsroom; Editing by Subhranshu Sahu)

Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News