(EnergyAsia, December 29) — UK’s upstream company Premier Oil said it has been awarded an onshore exploration licence on Buton Island, Sulawesi by the Indonesian government. Premier will hold a 30% non-operated equity interest. The 3,396 square km block lies on the south-eastern side of Buton island. Oil seeps are prolific on the island and large…
INDONESIA: UK’s Premier Oil lands exploration licence award
Posted on December 29, 2006 by EnergyAsia