PGN to get gas supply from ConocoPhillips? E. Java block
Tuesday, April 15 2008 - 05:16 AM WIB
IDX-listed state gas distribution firm PGN said it had signed a gas supply Heads of Agreement with US oil, gas firm ConocoPhillips.
Under the HoA, ConocoPhillips will supply initially supply 22.7 MMCFD of gas to PGN from Ketapang Block offshore East Java, ramping up to 62.3 MMCFD (average 50 MMCFD) from 2011 to 2015.
The gas said PGN would be distributed to East Java industrial customers.
ConocoPhillips has 100 percent interest in Ketapang PSC. (alex)