Petrogas joins Oil Search in Egypt

OIL Search is selling a 30% stake in Area A in the Eastern Desert, Egypt, to Oman-based Petrogas E&P in return for free carry on the next three exploration wells.

Petrogas will also pay an unspecified cash amount along with reimbursement of 30% of past costs and carry Oil Search on a further two wells along with well completion expenditure subject to a

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