Tethys Petroleum Limited has announced the sale of 50% of its oil and gas assets to SinoHan Oil and Gas Investment BV, a subsidiary of HanHong Private Equity Management Co Ltd, for a consideration of US$75 million.
Tethys Petroleum Limited is an oil and gas exploration and production company focused on Central Asia and surrounding regions with substantial oil and gas potential both in existing discovered deposits and in large upside exploration targets.
Oaklins' team in Hong Kong acted as advisor to the seller in this transaction.
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