PT Medco Energi Internasional, an Indonesian oil company, said there's no change in its commitment to develop an oil field in Libya after China National Petroleum
Corp. dropped a bid to buy Verenex Energy Inc., Medco's partner in the field.
The current events will not affect Medco Energi commitment in lieu to the development of the block, Medco President Director Darmoyo Doyoatmojo said in a statement to the
Indonesian Stock Exchange. The current event has not changed the amount of reserves and the value of such reserves in the field, he said.
Thursday, September 10, 2009
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