PTTEP to Participate in Block Merangin I in Indonesia
The block Merangin I covers an area of approximately 3,200 square kilometers. The block is located onshore, in the south of Sumatra, Indonesia. A primary geological study for Block Merangin I indicates crude oil potential. The company plans to drill one exploration well in 2005.
The participation will be valid after BPMIGAS, an Indonesian government agency, approves the agreement.