Petronas unit gets Indon oil & gas jobPetronas, through its wholly owned subsidiary PC (Lampung II) Ltd, has been awarded a new offshore block in Indonesia, bringing its upstream interest in Indonesia to nine blocks.

The contract would boost Petronas’ efforts to build its oil and gas business portfolio in that country. The Production Sharing Contract (PSC) for the latest block, the Lampung II, was signed last Friday in Jakarta, the national oil corporation said in a statement yesterday.

The Lampung II Block, measuring about 4,168 square kilometres, is located about 150 kilometre east of the south-eastern coast of Sumatra. Under the PSC terms, PC Lampung II would acquire, process and interpret 250 sq km of 3D seismic data, drill two exploration wells and undertake geological and geophysical studies over the acreage.

Petronas said that the signing of the Lampung II PSC marked another milestone in the company’ quest and commitment to be a long-term industry player in Indonesia.

Petronas has interests in eight other blocks in Indonesia, two of which are already producing. The company also has interests in a gas transmission pipeline network, petroleum products marketing and retail service station business in Indonesia. – Bernama

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