Unocal Corporation (NYSE: UCL) said its Unocal North Sumatra Geothermal, Ltd., subsidiary (UNSG) has reached agreement to sell its rights and interests in the Sarulla geothermal project on Sumatra island to PLN, the Indonesian state electricity company. PLN would acquire Unocal North Sumatra’s interest in the Joint Operation Contract (JOC) with Pertamina and Energy Sales…
INDONESIA: PLN, Unocal unit reach agreement on Sarulla geothermal sale
Posted on July 18, 2003 by EnergyAsia