Pertamina EP signs old wells production deal
Wednesday, November 3 2010 - 05:07 AM WIB
Pertamina EP, an upstream unit of state oil, gas company PT Pertamina (persero) on Wednesday signed deal with two local government-owned companies to produce oil from its old wells in Central Java.
Under the deal PT Sarana Patra Jaya will produce oil from 38 wells and PT Blora Patra
Energi will be given concession to operate 36 wells, all of which are located in Blora regency.
Pertamina EP will pay Rp.1,199 or 13 US cents per liter oil produced by the companies. (godang/giok)