JAKARTA (Yosefardi) – State oil and gas company PT Pertamina and Papua New Guinean National Petroleum Company of PNG (Kroton) Limited, NPCP, has on Tuesday (June 18) signed memorandum of understanding (MoU) for oil and gas business.

The MoU was signed by Pertamina’s chariman Karen Agustiawan and Chairman of NPCP, Frank Kramer.

Two countries had previously discussed the colaboration in oil and gas business including the exchange of knowledge and experts in some segments such as hydrocarbon, mainly on upstream business, production and exploration in oil and gas projects, business opportunity in liquified natural gas (LNG) and its development.

By Ferdi Hasiman (ferdi@yosefardi.com)