SINGAPORE (June 25): RH Petrogas has been awarded new 20-year contract terms each for the Kepala Burung Production Sharing Contract and the Salawati Kepala Burung Production Sharing Contract in Indonesia.

Awarded by Indonesia’s Ministry of Energy and Mineral Resources, the new 20-year terms will commence after the expiry of the current contract terms in 2020.

RH Petrogas, through its subsidiaries Petrogas (Basin) and Petrogas (Island), has been awarded a 70% participating interest in each of the new production sharing contracts (PSC). The remaining 30% participating interest has been awarded to PERTAMINA, the national oil company of Indonesia.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook