Epic Research Update : HPCL

HPCL’s subsidiary Prize Petroleum has reportedly inked an agreement to buy stakes of Australian major AWE in two fields of that country. Prize Petroleum will acquire 11.25% interest in T/L1, part of BassGas infrastructure and Yolla field, and a 9.75% interest in T/18P of Trefoil field in Australia for $85 million. The field is held by a consortium in which Origin Energy, AWE and Toyota Tsusho are the major partners.

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