Benzinga

Energi Mega To Buy 36.7% Stake In ONWJ Block From CNOOC

By Monica Gerson
Benzinga Staff Writer
December 22, 2011 5:19 AM

Symbols: CEO

Tags: merger and acquisition

Posted in: News, M&A

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PT Energi Mega Persada, a firm controlled by Indonesia's Bakrie group, announced its plans to acquire a 36.7% stake in Offshore North West Java (ONWJ) oil and gas block from CNOOC Ltd (NYSE: CEO[FREE Stock Trend Analysis]) for $212 million.
CNOOC shares closed at $173.41 yesterday.

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