EXPLORATION

Oil Search seals Block 3 sale

OIL Search has completed the sale of its 40% interest in Block 3 in Yemen to Total for $US44 million ($A42.3 million).

Oil Search seals Block 3 sale

As part of the transaction, Total will assume operatorship for Block 3. Based on the book value, an after tax profit from the sale of $US28 million will be included in Oil Search's 2012 full-year results....

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