Repsol has divested its last upstream exploration and production assets in Asia with an agreement to sell two oil and gas blocks in Indonesia to MedcoEnergi for around $90 million. The sale marks the company’s exit from the Asian upstream market as it continues to focus on its core assets and markets. The two blocks being sold are located in Indonesia and represent a strategic move for Repsol to streamline its portfolio and optimize its resources. This divestment aligns with Repsol’s strategic goals of focusing on efficiency and profitability in its upstream operations.
Repsol Divests Its Last Upstream Assets in Asia with the Sale of Two Blocks in Indonesia
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