Pertamina eyeing stake at Masela

State oil, gas company PT.Pertamina is interested to acquire stake at Inpex? Masela gas block in Timor Sea.

Vice President Director Iin Arifin Takhyan told reporters on Tuesday that informal talks had been held with Inpex. Iin did not give detail about the percentage of interest the company wanted to acquire.

Inpex, which has 100 percent interest in Masela, may build floating LNG terminal in the block and is scheduled to submit plan of development to Indonesian government this year. (godang)