Terra Energy expands business to Indonesia

New York-based company Terra Energy & Resource Technologies, Inc., a natural resource exploration technology company, is expanding its oil and gas exploration services offering to Indonesia by signing a market partner agreement with PT. Wahana Petranusa, an oil and gas services firm in Jakarta.

The contract sets forth a market partner framework between the companies, granting Petranusa certain rights in connection with the sales and marketing of the Terra exploration services in Indonesia, the Company said.

"Wahana Petranusa has already proven itself as a strong local partner by arranging for a pilot exploration contract for the Indonesian state-owned Pertamina's oil and gas license territory.," said Alexandre Agaian, President of Terra Energy & Resource Technologies. (alex)