AWE to relinquish East Muriah, Terumbu PSCs

By Romel S. Gurky

ASX-listed AWE Ltd announced Monday that it has commenced the process to relinquish the East Muriah PSC and Terumbu PSC, both located in East Java. It did not provide further details.

AWE holds 50 percent interest in the East Muriah PSC, with the other half held by SGX-listed KrisEnergy Ltd as the operator. KrisEnergy announced in May 2014 that acquisition of a 1,284 km 2D seismic data in the block has been completed.

AWE holds a 100 percent interest in the Terumbu PSC, which together with East Muriah and North Madura PSCs, forms part of the company?s East Java assets.

Editing by Reiner Simanjuntak