Lion has agreed to acquire Gulf Petroleumâs 16.5% stake in the Seram (Non-Bula) PSC, 1,305 sq km on/offshore Seram island, bringing its full interest to 19% via Seram Energy Pte Ltd. The deal is costed at USD 44 MM and will be made retro-effective 1 Nov â18. Partners otherwise Citic (op), Petro Indo Mandiri Â + GHJ.
Indonesia, Seram (Non-Bula)