Benakat Petroleum gets $30m loan
Tuesday, August 10 2010 - 11:52 PM WIB
IDX-listed firm PT Benakat Petroleum Energy Tbk has secured US$30 million loan from local bank Bank BNI and a South African bank to develop its Banakat oilfield in South Sumatra.
Corporate Secretary Ferdinand Dion was quoted by Bisnis Indonesia as saying that the loan would be used to increase production to 5,000 BOPD.
The Company operates Benakat Barat oilfield, which is owned by PT Pertamina EP, under joint operations scheme. (*)