|
contents | news | |||||||||
| Halliburton to sell oil and gas assets in Bangladesh Oil services giant Halliburton announced that its subsidiary, HBR Energy Inc., has signed a definitive agreement for the intended sale of its working interests in oil and gas assets in Bangladesh to a privately held, Singapore-based company. The sale would include HBR Energy's 25 percent interest in the Sangu Development Area, which comprises six wells producing in excess of 125 million cubic feet per day (mmcf/d), a four pile platform, an 18-kilometer gas pipeline and an onshore processing plant, and also HBR Energy's interest in the Block 16 Extension Area. These assets are currently operated by a subsidiary of Cairn Energy PLC. write your comments about the article :: © 2006 Construction News :: home page |