Petronas overseas venture disposes of entire PCCEPI shares to Savannah Energy

KUALA LUMPUR: Petronas (E&P) Overseas Venture Sdn Bhd has disposed of its entire shareholding in Petronas Carigali Chad Exploration & Production Inc. (PCCEPI), its subsidiary in Chad, north-central Africa, to Savannah Energy Chad Limited.

The disposal include the transfer of PCCEPI’s shares and interests in Petronas Carigali Chad (EP) Inc., DOBA Pipeline Investment Inc. (a shareholder in both Tchad Oil Transportation Company and Cameroon Oil Transportation Company), and Petronas Chad Marketing Inc., to Savannah Energy Chad Limited, Petronas said in a statement today.