Australia’s Santos Limited, the operator for the Sampang PSC in offshore East Java in Indonesia, has signed a Heads of Agreement for the sale of the entire gas reserves of the Oyong field. Santos has estimated that Oyong contains 90 billion cubic feet of recoverable gas with an initial, conservative, recovery of 5 million barrels…
INDONESIA: Santos signed agreement to sell gas reserves in the Oyong field
Posted on March 24, 2003 by EnergyAsia