Indonesia grants GFM’s NuEnergy more exploration time for Muralim gas field

  • Energy
  • Tuesday, 08 Jun 2021

NuEnergy will continue to perform a few months of dewatering to determine the gas productivity for future development.

KUALA LUMPUR: Globaltec Formation Bhd’s (GFB) NuEnergy Gas Ltd has been given additional exploration time by the Indonesian government to explore the Muralim gas field.

GFB said on Tuesday Indonesia’s Minister of Energy and Mineral Resources had extended the Indonesia for the Muralim gross split production sharing contract for 12 months from May 8.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!


Next In Business News

Bursa securities approves AirAsia X's fund raising exercise
Kimlun wins RM95.4mil construction contracts
MBSB to acquire MIDF from PNB for RM1.01bil
First-time house buyers to continue enjoying stamp duty exemption - MoF
Ringgit extends recovery against US dollar on better risk appetite
Abdul Rasheed Ghaffour appointed as Bank Negara governor for 5 years effective July 1
Kenanga Investment Bank commemorates 50th anniversary
Radium Development's subsidiary to acquire 2 pieces of land in KL for RM71.8mil
Double win for S P Setia at FIABCI World Prix d’Excellence Awards 2023
Power root, SAPPE ink co-investment agreement to expand businesses

Others Also Read