Printer Friendly

Pertamina to acquire 100 percent share in Mahakam gas block.

International Resource News-12 November 2009-Pertamina to acquire 100 percent share in Mahakam gas block(C)2009 ENPublishing - http://www.enpublishing.co.uk

International Resource News - 12 November 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

PT Pertamina, an Indonesia-based oil and gas company, is aiming to acquire 100 percent of the offshore Mahakam gas block after 2027, according to Chief Executive Karen Agustiawan.

Agustiawan stated that the company aims to acquire 25 percent share initially, which will increase to 51 percent after 2017.

France-based Total Energy Incorporated (TOTY) and Japan-based Inpex Corporation (1605.TO) each have 50 percent share in the block, which is located at the Mahakam River delta in Southeast Kalimantan.

[Editorial queries for this story should be sent to irn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))

COPYRIGHT 2009 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:International Resource News (IRN)
Date:Nov 12, 2009
Words:137
Previous Article:Abu Dhabi's National Marine receives contract from Adnoc.
Next Article:RWE to start sale of German gas transmission grid.
Topics:

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters