Medco says 2 firms interested to buy its interest in E. Java discovery
Wednesday, March 4 2009 - 01:22 AM WIB
IDX-listed energy firm PT.Medco Energi Internasional Tbk said two companies are interested to buy its interest in Jeruk discovery in Sampang PSC, offshore East Java.
Chief Commissioner Hilmi Panigoro was quoted by Bisnis Indonesia as saying that the company has signed confidentiality agreement with the two undisclosed firms.
Medco has 22.5 percent economic interest in Jeruk oil discovery. (*)