RANHILL BHD subsidiary Ranhill Energy Sdn Bhd, via its 60% stake in PT Bumi Parahyangan Ranhill Energia Citarum (BPREC), has signed a production sharing contract (PSC) with Badan Pelaksana Kerajaan Kegiatan Usaha Hulu Minyak dan Gas Bumi, Indonesia's executive agency for upstream oil & gas, for its Citarum Block in West Java.
The signing took place only two months after the award of the Citarum Block to BPREC by Indonesia's Department of Energy and Mineral Resources.
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