Terra Energy provides exploration services for Pertamina

New York-based firmTerra Energy & Resource Technologies, Inc. announced on Monday the service contract for the analysis of an onshore license block controlled by state oil and gas company Pertamina. The agreement was signed with Pertamina's service contractor PT. Wahana Petranusa.

Terra Energy & Resource Technologies will receive cash fees for providing exploration services using its proprietary STeP(R) technology in connection with a large license block located in Sumatra, to determine and delineate areas of oil and gas prospectivity.

"There were several recent unsuccessful drilling attempts on this license block, and Terra is excited to take on the challenge of exploration where traditional methods failed," the Company said.

Terra Energy & Resource Technologies, Inc., through its subsidiary Terra Insight Services, Inc., provides mapping and analysis services for exploration, drilling, and mining companies related to natural resources found beneath the surface of the Earth. (alex)