Savannah Energy terminates $1.25 bln Petronas South Sudan deal

Industry:    4 months ago

Savannah Energy said on Wednesday it has terminated the planned $1.25 billion purchase of Malaysia’s state energy firm Petronas’ oil and gas business in South Sudan, as the two sides could not agree on terms to close the deal.

“Savannah remains in active discussions with the relevant parties around an alternative potential transaction in relation to an acquisition of the Petronas assets” it said in a statement.

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