NZOG in N. Sumatra joint study
Thursday, August 25 2011 - 02:34 AM WIB
New Zealand Oil& Gas (NZOG) reported on Wednesday that last week a Joint Study Agreement (JSA) was awarded by the Indonesian authorities for an area of almost 5000 sq km in northern Sumatra.
The block is in close proximity to a number of large oil and gas fields. Following a 6 month study period to complete a thorough review of the prospectivity of the block, the JSA provides a right of first refusal for any subsequent allocation of an exploration permit, the company said
Two farm-in offers in Sumatra are also being negotiated and other opportunities are under active assessment, it added.
NZOG is teaming up with Bukit Energy to pursue oil, gas E&P investment opportunity in Indonesia . (alex)