Singapore's Temasek sells oil exploration unit

Reuters, 3 Dec 2009
SINGAPORE, Dec 3 (Reuters) - Singapore state investor Temasek announced on Thursday it has sold oil exploration unit Orchard Energy to a Singapore-listed firm, less than two years after setting up the unit.
RH Petrogas (RHPG.SI) will pay S$351,000 to S$371,000 for Orchard, which holds a production-sharing contract for an area in Indonesia's South Sumatra, RH Petrogas and Temasek said.
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