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Sovereign Wealth Funds Briefing - Categorized | Market

Singapore’s Temasek sells oil exploration unit

Posted on 04 December 2009

From Reuters: Singapore state investor Temasek announced on Thursday it has sold oil exploration unit Orchard Energy to a Singapore-listed firm, less than two years after setting up the unit.
RH Petrogas will pay S$351,000 to S$371,000 for Orchard, which holds a production-sharing contract for an area in Indonesia’s South Sumatra, RH Petrogas and Temasek said……………………………Full Article: Source


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