PetroSA and Cairn India group sign agreement

PetroSA and Cairn India group have signed a farm-in agreement for crude oil and natural gas exploration in the Orange Basin, off the west coast of South Africa.
Under the agreement, Cairn India, through its wholly-owned South African subsidiary, will hold a 60% interest in offshore block one, while the remaining 40% stake will be retained by PetroSA.
>Oil and Gas Press