Triangle Gets Extension for Pase PSC

SYDNEY (Yosefardi) -Triangle Energy (Global) Limited and their joint venture partner, the Acehnese Government are pleased to announce they have been awarded the Pase Production Sharing Contract (PSC) extension. SKK Migas confirmed the PSC has been extended from 24th...

ESDM Urges Pertamina over Mahakam Interest

JAKARTA (Yosefardi) – The Ministry of Energy and Mineral Resources (ESDM) urges state oil and gas company PT Pertamina to submit its proposal for taking over Mahakam block in East Kalimatan. Naryanto Wagimin, ESDM oil and gas upstream director, warns that ESDM...

Lower Oil Price, Medco Cuts Capex by 24.2%

JAKARTA (Yosefardi) – Oil and gas company PT Medco Energi Internasional Tbk (MEDC) allocates capital expenditure (capex) of US$250 million for this year, a 24.2% decline compared to US$330 million capex last year, as the company focuses on cost efficiency amid...