The two companies signed a memorandum of understanding (MoU) in September 2006. The production sharing contract (PSC) on the Karama block is the first joint project to be realised in that context.
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Statoil Will Operate in Indonesia
Statoil will be the operator with a 51% participating interest and Pertamina
Statoil will be the operator with a 51% participating interest and Pertamina, Indonesia’s national oil and gas company, will hold 49%. Norway Post reported.
The acreage has not previously been explored for oil and gas.
The two companies signed a memorandum of understanding (MoU) in September 2006. The production sharing contract (PSC) on the Karama block is the first joint project to be realised in that context.
The two companies signed a memorandum of understanding (MoU) in September 2006. The production sharing contract (PSC) on the Karama block is the first joint project to be realised in that context.
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