UK-based Salamander Energy, a company focused on oil and gas exploration in Asia, said on Thursday it had agreed to buy Elnusa Bangkanai Energy(EBE) in Indonesia from sector player PT Elnusa Tbk for cash USD11.2m (EUR8.2m). EBE controls 69% in Bangkanai PSC, containing the Kerendan gas field. It is also the operator of the field. The deal, expected to close this month, is in line with Salamander Energy's plans to access low cost, un-contracted gas resources in the high-demand region of south-eastern Asia, the UK company said. [Read more]
Source: Trading Markets
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