Govt okays Kisaran block interest transfer

Government said on Tuesday it had formally approved the transfer of Chevron Texaco?s 50 percent interest in Kisaran onshore exploration block in Central Sumatra to HK-based Pacific Oil & Gas.

Director General of Oil and Gas Iin Arifin takhyan said that his office has approved the transfer.

Chevron will retain 50 percent interest and will remain the block?s operator. (godang)