Oil Search sells Yemen oil asset to Total for $44 million

12/30/2012

Oil Search sells Yemen oil asset to Total for $44 million

BY ROSS KELLY

SYDNEY -- Oil Search said it has completed the sale of its 40% stake in an oil block in Yemen to Total for $44 million and will book a net profit from the sale in its annual results of about $28 million.The sale, first announced in March, involves Total becoming operator of the block.

Dow Jones Newswires

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