Indonesia Awards PSA to Eni and Unocal

Indonesia has awarded a production sharing agreement to Eni and Unocal located offshore South Sulawesi. Under the 30-year production sharing contract Eni and Unocal plan to spend $35 million on exploration over the next six years. Eni and Unocal each have a 50 percent stake in the 1,807-kilometer square Muara Bakau block in Makassar Strait. Eni will act as operator of the block.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles
Related Articles

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours