Sound Oil has entered into an agreement to acquire a 50% interest in a PSC embracing onshore Bangladesh block 22,which covers an area of 1250km2 in the Chittagong Hills.Block 22 lies to the south of gas producing fields in India and to the east of the producing Sangu gas field operated by Cairn Energy This transaction,for a consideration of 2 million,is subject to government approval.Ocean Bangladesh is PSC operator.
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