Pertamina Gets 15 Pct Interest in Babar Selaru Block from INPEX (Indonesia)

Pertamina Gets 15 Pct Interest in Babar Selaru Block from INPEX (Indonesia)

INPEX Corporation announced that through its subsidiary INPEX BABAR SELARU, LTD. it has reached agreement to transfer a 15% participating interest in the Babar Selaru Block, Offshore Indonesia, to PT Pertamina Hulu Energi Babar Selaru, a subsidiary of PT Pertamina.

This transaction is subject to the satisfaction of certain conditions, including Indonesian Government approval.

The Block is located 1,400km southwest of Saumlaki City in the Tanimbar Islands and covers 8,170km2 with a water depth ranging from 200m to 2,000m.

INPEX acquired the Block, together with the Japan Oil, Gas and Metals National Corporation, in November 2011.

The joint venture participants, for which INPEX acts as the Operator and retains an 85% participating interest while Pertamina holds a 15% participating interest, are conducting a 3D seismic survey for the new discovery of oil and natural gas in The Block.

LNG World News Staff, May 14, 2013; Image: INPEX

Share this article

Follow LNG World News


<< Nov 2015 >>
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

7th International LNG Shipping Conference

The International LNG Shipping Conference targets those who want to stay abreast of global changes in the industry…

read more >

Kurdistan-Iraq Oil & Gas Conference & Exhibition

The event, held under the high patronage of Kurdistan’s Ministry of Natural Resources, remains the one place where you will hear from the most well-known personalities of the global oil & gas industry

read more >

16th World LNG Summit & Awards Gala Dinner

The summit will provide a perfect opportunity to understand how key players are responding to the price fluctuations and what the outlook is for the future…

read more >

Design of LNG Fuelled Vessels Seminar

Design of LNG Fuelled Vessels Seminar evaluates the impact of tank and engine selection on design considerations and operation of LNG fuelled vessels.

read more >