Trafigura Ventures III has reached agreement with Yilgarn Petroleum Philippines, a subsidiary of Kairiki Energy, to farm-out 5% of its 40% stake in SC54A, offshore the northwest coast of Palawan Island, the Philippines, for $3.8 million.Nido Petroleum Philippines, Kairiki's joint venture partner in SC54A, has also entered into an agreement with Trafigura to farm-out 10% of its working interest in the block on similar terms and conditions.
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