Premier, JV Partners Ink Block A Aceh PSC Extension

Premier announced the signature of the Block A Aceh (previously known as North Sumatra Block A) Production Sharing Contract (PSC) by the joint venture partners, the Government of Aceh, BPMIGAS (the Upstream Oil and Gas Supervisory Agency) and the Indonesian Minister of Energy and Mineral Resources. The term of the PSC is 20 years, effective as of 1 September 2011.

The signing of the PSC means the development of the Alur Siwah and Alur Rambong gas fields can now move forward and invitations to tender for the EPCI contract will be issued shortly.

First gas is now expected from the project in 2013.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
United States Odessa: Engineer - Frac/Acid
Expertise: Petroleum Engineering
Location: Odessa, TX
 
United States Houston: Senior Drilling Fluids Engineer
Expertise: Drilling Engineering
Location: Houston, TX
 
Region Leader - Field Development
Expertise: Field Development|Process Engineer|Subsea Engineering
Location: Houston
 
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours