Japex North Sumatra Ltd., which had been granted financial assistance by Japan National Oil Corporation (JNOC), has withdrawn from an oil and gas production project in the Gebang block in North Sumatra, Indonesia In 1985, Japex North Sumatra Ltd. acquired a 50% working interest in the block, establishing a joint operating body (JOB) with Indonesian…
JAPAN: JNOC-assisted Japex North Sumatra Ltd. to terminate its operation
Posted on October 10, 2002 by EnergyAsia