MEO relinquishing Seruway PSC
Friday, January 30 2015 - 10:52 AM WIB
By Romel S. Gurky
Australian firm MEO Australia Ltd announced on Friday it has duly relinquished the Seruway PSC offshore North Sumatra as the block reached the end of its 10 year exploration term in December 2014.
?MEO has submitted a joint study application with a third party for the Seruway Area with the relevant government department,? the firm said, without naming the third party.
Last September, the firm said it was considering a Joint Study Application over the area covered by the PSC in an effort to secure tenure for another six years following the completion of the 12-18 month joint study.
Editing by Johannes Simbolon.