JAKARTA (Yosefardi) – Oil and gas producer PT Energi Mega Persada Tbk (ENRG), controlled by Bakrie Group, mulls to acquire 1-2 oil blocks in Africa, Asia, and Middle East.
The company allocates US$350 million for the acqusition of oil and gas blocks. ENRG had acquired oil and gas blcok in Mozambik for US$175 million.
ENRG is reportedly seeking loan of US$200 million, arranged by Credit Suisse and Deutsch Bank, with tenor of 4 years, used to refinance its debt.
The company produced 50.2 million barrels oil equivalent per day (mboepd) in the first half of 2014, representing 70% of this year target of 70 mboepd.