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RH Petrogas awarded 20-year terms for production sharing contracts in Indonesia

Stanislaus Jude Chan Published on Mon, Jun 25, 2018 / 8:12 AM GMT+8

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SINGAPORE (June 25): RH Petrogas has been awarded new 20-year contract terms each for the Kepala Burung Production Sharing Contract and the Salawati Kepala Burung Production Sharing Contract in Indonesia.

Awarded by Indonesia’s Ministry of Energy and Mineral Resources, the new 20-year terms will commence after the expiry of the current contract terms in 2020.

RH Petrogas, through its subsidiaries Petrogas (Basin) and Petrogas (Island), has been awarded a 70% participating interest in each of the new production sharing contracts (PSC). The remaining 30% participating interest has been awarded to PERTAMINA, the national oil company of Indonesia.