Energi Mega to farm out Bentu block
Monday, July 25 2016 - 12:27 AM WIB
By Febry Silaban
IDX-listed oil and gas firm PT Energi Mega Persada (EMP) plans to farm out its interest in Bentu block, Riau province.
President Director of Energi Mega, Imam Agustino said on Friday that is currently looking for potential partner in the block.
?We?re still waiting for proposals (from would-be partners). We?re going to select the best (partner),? he said, adding that the company would let interested investors to decide how much shares they want to acquire.
According to company website, Energi Mega owns 100 percent of Bentu PSC. As per June 30, 2015 the block produced 48.1 million cubic feet gas per day and has 2P reserves of 296 billion cubic feet.
Editing by Reiner Simanjuntak