| Medco So Operators Area 47 in Libya |
 |
 |
 |
| Tuesday, 06 April 2010 12:03 | |||||||
Page 1 of 2 Jakarta,
Kompas - PT Medco Energi International Tbk through its subsidiary,
Medco International Ventures Limited, the operator of exploration and
production agreement for Area 47 in Libya."We will accelerate the program of study and development of oil discoveries," said Director of Medco Energi Darmoyo Doyoatmojo in a press release, Monday (5 / 4). With the extension of this exploration, Medco Energy and its partners at Area 47, Libyan Investment Authority, could get back up the commercialization of discoveries in the area and increase the drilling of three exploration wells. Libyan Investment Authority is the fund manager who founded the Libyan Government to manage Libya's oil revenue surplus. Meanwhile, the Indonesian government will offer 35 work areas (WK) oil and natural gas in 2010. For a while, WK 19 oil and gas will be offered through regular tender for oil and natural gas and 16 WK offered through direct bidding. Oil and gas blocks offered through regular tenders, among others, East Natuna, SE Baronang, I Nias, Nias II, Tanjung Jabung, Sunda Strait, I, II, Sunda Strait, Sunda Strait III, West Kangean, South Kangean, and Wokam. The WK is offered through direct bidding, among others, North Sokang, NW Natuna, Octopus, and Titan. "Areas of work being offered is located in the eastern part of Indonesia," said Director of Upstream Oil and Gas Ministry of Energy and Mineral Resources A Hermantoro Edy.
|
Legitimacy & Law
About Us
Trusted Partner
