Petrosea obtains new contract from BP Berau

By Romel S. Gurky

IDX-listed oil and gas and mining services firm PT Petrosea Tbk, a subsidiary of IDX-listed integrated energy company PT Indika Energy Tbk, had on June 23 awarded a new contract from BP Berau Ltd for the Petrosea Offshore Supply Base (POSB) in Sorong, West Papua.

?The contract value is Rp 734 billion or equivalent to US$55.2 million with contract duration of 8 years until August 2025,? Indika said in a statement on Wednesday, but did not provide further details.

BP Berau is the operator of the Tangguh LNG project in West Papua Province.

Editing by Reiner Simanjuntak