Sugih plans seismic survey in MNK Selat Panjang next year

By Febry Silaban

IDX-listed PT Sugih Energy Tbk through its subsidiary Petroselat NC Ltd. expects to carry out a seismic survey in its unconventional block, MNK Selat Panjang PSC, onshore Riau, at the end of 2016.

This was said by President and GM of Petroselat Indra Hudaya to Petromindo.com.

Petroselat was among the companies that won the 2014 block tenders recently announced by the Ministry of Energy and Mineral Resources. Petroselat won MNK Selat Panjang PSC.

Sugih said Petroselat was set up as a joint venture between Petronusa (55 percent) and PC1 Selat Panjang NC, Ltd (45 percent). Petronusa is 99 percent owned by Sugih Energy.

Editing by Johannes Simbolon