Pertamina in upstream asset swap talks with KNOC

State oil and gas company PT. Pertamina is in talks to farm-out interest in Tebat Agung Block in South Sumatra to Korean oil, gas firm KNOC.

Upstream Director Karen Agustiawan said that under the deal, KNOC would get certain percentage of interest in the block and in return, Pertamina would also be given interest in one of KNOC?s overseas assets.

She did not give further detail. (godang)