The agreement was previously signed on February 2007 for 5 years period. The agreement was made to process natural gas into Compressed Natural Gas and its distribution.
Total volume of CNG expected to be processed and transported for the 12-month period from September 2012 to September 2013 would amount to approximately 759,369 mmbtu, based on the minimum off take of 85% of the total contracted units of CNG.
Established in 1999, Odira is a private oil & gas company which claimed to be managed by oil & gas professionals who have at least 15 years of experiences. The company operates Karang Agung Oil & Gas Block in South Sumatera, comprises 2,463km2 area. (bintang@theindonesiatoday.com)