Arrow, Petrosea team up to tap Indonesian CBM industry
Thursday, November 27 2008 - 12:23 AM WIB
Australian integrated energy firm Arrow Energy on Thursday signed cooperation deal with Indonesian mining services, engineering and contractor company PT.Petrosea Tbk to tap coal-bed methane (CBM) business potential in Indonesia.
The two companies will work together to establish local capability for the provision of support to CBM drilling activities, infrastructure works and project development services.
Arrow Energy CEO Shaun Scott said the agreement represented a major step forward in developing appropriate CBM project development capability in Indonesia.
Petrosea is an 82 percent subsidiary of Australian engineering group Clough Limited.(denny)