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Block A Aceh PSC Extension Signed

Source: www.gulfoilandgas.com 10/28/2010, Location: Asia

Premier is pleased to announce the signature of the Block A Aceh (previously known as North Sumatra Block A) Production Sharing Contract (PSC) by the joint venture partners, the Government of Aceh, BPMIGAS (the Upstream Oil and Gas Supervisory Agency) and the Indonesian Minister of Energy and Mineral Resources. The term of the PSC is 20 years, effective as of 1 September 2011.

The signing of the PSC means the development of the Alur Siwah and Alur Rambong gas fields can now move forward and invitations to tender for the EPCI contract will be issued shortly.

First gas is now expected from the project in 2013.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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