KrisEnergy Limited has completed the sale of a 30 per cent non-operated working interest in the Andaman II production sharing contract (Andaman II PSC) located in the Malacca Strait, Indonesia, to BP Exploration Operating Company Limited, a subsidiary of BP Public Company Limited, for a sale consideration of $15 million, subject to a retention sum of $1.7 million which may be used by BP to offset any payment obligations that may become due by KrisEnergy from the completion date until December 31, 2021. The Andaman II PSC is an exploration block over the North Sumatra Basin covering an area of 7,400 square km.
