Statoil Bolsters Ties with Pertamina

Indonesian national oil and gas company PT Pertamina (Persero) and Statoil ASA on Friday signed a letter of intent, further strengthening cooperation between the two companies.

The Norwegian prime minister, Jens Stoltenberg, and the Indonesian minister of energy and mining, Dr Purnomo Yusgiantoro, attended the signing ceremony in Jakarta.

Earlier in March, Statoil and Pertamina were awarded the Karama deepwater block in the Makassar Strait. Statoil also holds an interest in the neighboring Kuma block.

The agreement stipulates that the two companies will jointly pursue further exploration opportunities, particularly in Indonesia's eastern territories.

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