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On 19 December 2017, Batavia Oil signed a Sales Purchase Agreement (“SPA”) with Premier Oil Overseas B.V. to purchase 100% of its shares in Premier Oil Kakap B.V., which holds an 18.75% non-operating interest in the Kakap PSC, offshore Indonesia. Completion is expected to take place in early 2018, subject to approval from the Government of Indonesia. Click here to read more on the Kakap PSC.
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