Petromin Resources eyeing Indonesian oil, gas projects
Monday, May 1 2006 - 11:54 PM WIB
Canadian firm Petromin Resources Ltd. announced Monday it had signed an MoU with PT. Lins Petrotama Energi (PTLP), a Jakarta based company with full licenses to conduct onshore and offshore drilling to form a business strategic alliance to jointly develop oil and gas resources projects in Indonesia.
Petromin is to be responsible for providing the technical expertise of Coalbed Methane technology, CO2 sequestration for Enhanced Oil Recovery (EOR), and computer modeling of reservoir simulation in all identifiable projects to be jointly developed with PTLP.
Petromin Resources Ltd. is a Canadian public company listed on the Canadian Venture Exchange, engaged in the acquisition, exploration, and development of Petroleum, Coal Bed Methane and Gold assets around the world. (alex)