INDONESIA - Muriah - Petronas.
Sebaya - Medco: The Indonesian oil and gas company PT Medco Energi Internasional has developed the Sebaya gas field in East Java. In July 2004, it signed two gas sales agreements with a total value of around $1 bn.
Medco signed one contract to sell 20 MCF/d of gas for 15 years to PLN, worth around $260m, with the field's gas to fire PLN's power plant in East Java. Medco agreed to sell another 100 MCF/d PGN starting from 2006 through to 2017. The value of the second deal is around $770m. Thailand's PTT Exploration & Production PCL owns 34% in Medco.
|Printer friendly Cite/link Email Feedback|
|Publication:||APS Review Gas Market Trends|
|Date:||Mar 7, 2005|
|Previous Article:||INDONESIA - Kangean Fields - Energi Mega.|
|Next Article:||INDONESIA - Bawean, Oyong & Maleo - Santos.|