PHE ONWJ hands over a well to PEP
Tuesday, January 6 2015 - 12:52 AM WIB
PT Pertamina EP (PEP), a subsidiary of state owned oil and gas firm PT Pertamina, said on Monday that it had signed an agreement with PHE ONWJ, also a subsidiary of Pertamina, which operates Offshore North West Java (ONWJ) PSC to take over a well located in the ONWJ block.
The agreement was signed on Dec. 29, 2014 by PEP Asset 3 Acting General Manager Wisnu Indadari and PHE ONWJ Acting GM and Executive VP Ani Surakhman.
The well called ?MB-04? located in Tirtajaya district, Karawang regency, West Java was unitized with ONWJ back on April 24 1987 when the blok was operated by ARII (Atlantic Richfield Indonesia Inc.).
The well will be developed by a PEP unit, PEP Asset 3 Tambun Field.
Editing by Johannes Simbolon