(EnergyAsia, January 19) — Norwegian energy giant Statoil said it has signed a production sharing contract (PSC) for a 40% share in the deepwater Kuma block off Indonesia. This is the first time the group has been awarded exploration acreage in Indonesia. Operator ConocoPhillips of the US holds the majority 60% stake. The signing…
INDONESIA: Norway’s Statoil gains share in deepwater Kuma block
Posted on January 19, 2007 by EnergyAsia