Blue Dolphin Exploration Company (BDEX), a subsidiary of Blue Dolphin Energy Company, sold its 7 percent working interest in the North Sumatra Basin Langsa Field offshore Indonesia. The company said Blue Sky Langsa, Limited, the lease operator, purchased the working interest.
BDEX originally acquired the Indonesian interest in the field in June 2010 for 342,857 shares of Blue Dolphin Common Stock, according to the company. Blue Sky provided 150,000 shares to BDEX for the purchase of Blue Dolphin's assets.
BDEX also recently reported a crude oil and condensate processing facility in Wilson County, Texas completed a maintenance turnaround. The facility is now processing approximately 12,5000 barrels of oil per day, the company said.
Blue Dolphin Energy Company primarily works in crude oil and condensate processing in the Eagle Ford Shale and also gathers and transports oil and natural gas.
Visit PennEnergy's research area to learn more about oil and gas exploration and production in Indonesia.