Sapura has made its entry into the Australian upstream by signing a farm-in deal with Finder Exploration for AC/P61, EP 483, TP/25 + WA-412-P. Sapura gets 70% + operatorship in Bonaparte AC/P61 (355 sq km), and likewise in North Carnarvon Basin EP 483 + TP/25 (total 1,076 sq km) and WA-412-P (387 sq km), Finder retains 30%. The deal remains subject to usual approvals.
Sapura Upstream has acquired 70% of portfolio of exploration permits comprising EP 483 & TP/25, WA-412-P and AC/P 61 from Finder Exploration (will retain a 30% non-operating interest).