Oil Search Sells Yemen Oil Asset to Total for US$44 Million
December 30 2012 - 5:38PM
Dow Jones News
By Ross Kelly
SYDNEY--Oil Search Ltd. (OSH.AU) said Monday it has completed
the sale of its 40% stake in an oil block in Yemen to France's
Total SA (TOT) for US$44 million and will book a net profit from
the sale in its annual results of about US$28 million.
The sale, first announced in March, involves Total becoming
operator of the block.
Write to Ross Kelly at ross.kelly@wsj.com
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