African vendors woo Sona Petroleum

KUALA LUMPUR: Malaysia’s largest special-purpose acquisition company (SPAC) Sona Petroleum Bhd is looking at a few proposals, among them from African exploration and production vendors, to make its first qualifying asset (QA) either in the late development or production life cycle of the oil and gas (O&G) sector.

Asked whether Sona Petroleum had received proposals from African vendors, managing director Datuk Seri Hadian Hashim said “yes”, adding that the company was now going through the usual process of evaluating these proposals.