20FEB2019 - NEWS - Indonesian government inks three new contracts on Monday to operate oil and gas blocks

The Indonesian government Monday signed three new contracts to operate oil and gas blocks. The combined signature bonus is $6 million and all three will employ a gross split plan. The three blocks are South Sakakemang, Maratua and South Andaman, assigned to a consortium led by Repsol, state energy firm PT Pertamina and Mubadala Petroleum, respectively. Mubadala already operates other South Amandan blocks, located off -shore Aceh Province. The basin has not yet been explored, but is expected to account for domestic consumption in North Sumatra and long-term export to regional markets.

Published by Editor - www.Livebunkers.com at 20-Feb-2019 06:34:40 [UTC] , contact editor at editor@livebunkers.com