Two companies interested in Offshore North X-Ray block
Tuesday, January 6 2015 - 02:26 AM WIB
By Febry Silaban
Two oil and gas companies have submitted letters expressing interest to farm into the Offshore North X-Ray block, owned by Conrad Petroleum Pte. Ltd., according to an industry source.
The source told Petromindo.com that two companies are PT Tropik Energi and ASX-listed AWE Ltd.
The block was awarded to Conrad on March 21, 2013. The firm paid a signature bonus of US$1,000,000 upon signing the contract.
The work program commitment for Offshore North X-Ray block over the first three years of exploration includes G&G study (US$450,000) and 2D seismic survey (2,000 km).
Editing by Johannes Simbolon