Synergia to divest 50% stake in Cambay PSC to Antelopus Selan Energy

Australia-based Synergia Energy has agreed to sell its 50% working interest in the Cambay production sharing contract (PSC), located onshore in the Indian state of Gujarat, to Antelopus Selan Energy. The transaction is valued at $14m (Rs1.26bn), with $500,000 already received. Under the agreement, Synergia will receive an initial payment of $6.5m upon completion and a further payment of $7m a year after. Synergia’s 50% share in the Cambay PSC was valued at $11.2m as of 30 June 2025. For the same period, ...