Southeast Asia-focused KrisEnergy has completed the farm-out deal for a block it operates offshore Vietnam, it said on March 31.  

The company said that the Vietnamese authorities have approved the transfer of 100% working interest and operatorship of Block 115/09 and the transfer was completed on March 31. KrisEnergy has not disclosed the identity of the buyer. 

Advertisement: The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business. ngc.co.tt

The company reached an agreement to sell its stake in the block in February last year for nominal cash consideration.