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Oil Search Ltd Completes Sale Of 40% Interest In Block 3 (Gardan) in Yemen To Total S.A.

Sunday, 30 Dec 2012 04:52pm EST 

Oil Search Ltd announced that it has completed the sale of its 40% interest in Block 3 (Gardan) in Yemen to Total S.A. of France, for a consideration of USD 44 million. As a part of this transaction, Total will assume Operatorship of Block 3. The Company's remaining asset in Yemen is its 34% interest and Operatorship of Block 7 (Al Barqa), which contains the Al Meashar oil field, discovered in 2010. 

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1.56 +3.13%
22 Jul 2014