The pair signed a sale and purchase agreement this week which will see Medco acquire Lundin's onshore and offshore assets for $22 million.
Lundin said Friday the structure of the deal could also see it become entitled to certain contingent payments and also has an option to receive a future interest in the Cendrawasih blocks.
The assets include a 25.8824% participating interest in the Singa gas field, a 100% interest in the Cendrawasih VII and Cendrawasih VIII blocks, as well as a 60% participating interest in the South Sokang Block.
Medco already holds a 74.1176%
