Pertamina closes Jabung block acquistion
Friday, June 13 2003 - 06:33 AM WIB
State oil and gas company Pertamina said it had paid US$ 20 million for 5 percent working interest in Jabung block in Jambi.
?Now Pertamina has 15 percent working interst in the block,? said finance director Ainun Na?im on Friday.
A consortium of Pertonas, PetroChina and Pertamina had acquired 30 percent working interst in Jabung block from Amerada Hess for US$ 164 million last April. The remaining 25 percent interest is equally shared by PetroChina (operator) and Petronas, which have already had 30 percent working interest each in the block prior to the acquisition.
The Jabung PSC is located onshore Jambi, and includes the North Geragai, Makmur, Gemah, Northeast Betara and North Betara oil and gas fields.(godang)