TOSEC WORLD Membeli 80% Saham Indus di PrabuEnergy
Indus Energy is selling its 80% shareholding in Prabu Energy Pty Ltd, the holder of the Ranau production sharing contract in South Sumatra, to focus on its Cold Lake oil sands project in Alberta.
The sale will be made to PT Tosec World, a wholly-owned subsidiary of Indonesian oil and gas company PT Tech Oil International.
This follows a strategic review of the PSC and the company’s operations in Indonesia and was influenced by the ongoing challenging operating environment in the country’s oil and gas sector.
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