Qyrin Petroleum Executes CSPA
Friday 5th June 2015: Qyrin Petroleum Technology finalises and executes a Conditional Sales and Purchase Agreement with regards to the proposed acquisition of an EOR Joint Operation Contract (JOC/KSO) in Indonesia. The CSPA was signed post completion of technical appraisal and site due diligence by Qyrin's in-house subsurface and E&P technical team. The management is finalising its 10-year production and development plan for the asset and expects to commence implementation in the 3rd quarter of 2015. Qyrin anticipates deployment and application of its proprietary EOR technologies and techniques to optimise ...
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