BRIEF-Interoil Exploration & Production: update on Colombian operations

martes 29 de septiembre de 2015 02:14 GYT

Sept 29 (Reuters) - Interoil Exploration And Production ASA :

* Says Colombia's Agencia Nacional de Hidrocarburos, has issued a new rule for O&G companies with investment commitments in country

* O&G companies' commitments for each phase will be divided into three segments, the first of which shall be guaranteed in an amount equal to the 10 pct of the aggregate outstanding commitment for the first segment; 20 pct for the second segment and 50 pct for the third segment

* New resolution should reduce Interoil's guarantee exposure and avoid need for Interoil to issue any further guarantees during second segment of this phase

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Further company coverage: (Gdynia Newsroom)