Medco approves sale of Novus Petroleum assets

摘要

Shareholders of Indonesia's publicly listed mid-size upstream player PT Medco Energi Internasional have approved the sale of some of the assets of Novus Petroleum,the Australian company recently acquired by Medco,to Australia's Santos and Silk Route Investments,a company owned by Dubai tycoon Nasir Ali Shah Bukhari,for a combined sum of US261.85-mil (ON 6/28).