Madagascar: Pura Vida takes on 100% stake in offshore Ambilobe block

Posted on May 12, 2016 at 3:14 pm.

Citing a “challenging commercial landscape,” Sterling Energy PLC’s subsidiary Sterling Energy (UK) Ltd. announced its withdrawal from the Ambilobe block offshore Madagascar in April. The company also relinquished its operatorship, giving Pura Vida Energy 100% ownership of the block.

Source: News