JAKARTA - PT Medco Energi Internasional Tbk (MedcoEnergi) has officially released all of its shares in Ophir Vietnam.
Through his statement to the media, MedcoEnergi announced the completion of the divestment of all its shareholdings in Ophir Vietnam Block 12W BV (OVBV) to Bitexco Energy Company Limited.
Medco Energi CEO Roberto Lorato said OVBV holds 31.875 percent of participation rights in Chim Sao and Dua (Blok 12W), oil and gas production fields located in Vietnam.
"This divestment is in line with MedcoEnergi's strategy to actively manage the portfolio through targeted acquisition and divestment," he told the media, Saturday, April 20.
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Roberto said that his party also appreciated Bitexco's cooperation during this transaction and hoped that these fields could continue to provide added value for new owners.
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