JAKARTA (AFX-ASIA) – BP Indonesia said it will abandon plans to invest US$400 million developing the Terang Sirasun gas field off East Java if the government does not agree to extend its production sharing contract (PSC) by 20 years. The original PSC with state-owned oil and gas company Pertamina expires in November 2010. “We are…
INDONESIA: BP Indonesia to abandon US$400 m investment in gas field without extension
Posted on July 16, 2002 by EnergyAsia