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CBM Asia wins Kuala Kapuas I PSC in South Kalimantan


Published Sep 6, 2012
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CBM Asia Development Corp.

CBM Asia Development Corp. has been informed by the Director General of Oil and Gas (MIGAS) of Indonesia that its tender submitted for the Kuala Kapuas I CBM block, located in the Barito Basin of South Kalimantan was successful.

CBM Asia will now be invited by MIGAS to finalize terms and conditions for a Production Sharing Contract (PSC). CBM Asia holds an 80% working interest in the 1,501-km2 Kuala Kapuas I CBM block and will be the operator, with CBM Asia's partner PT Tranaco Utama (Tranaco) holding the remaining 20% interest.

Tags: CBM Asia Development Corp.



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