Vietnam M&A - Big Energy (BitExco) agree to acquire Harbour Energy's stake in Block 12W

(Originally published on August 11, 2023)

On Thursday, Harbour Energy announced that they have entered into a sale and purchase agreement to divest their 53.125% operated stake in Block 12W in Vietnam to Big Energy, a newly established, dedicated oil and gas business in Vietnam and has been active as Bitexco Group. The deal is for a consideration of US$ 84 million and has an effective date of 1 January 2023, it is expected to close by the end of 2023.