PETALING JAYA: Bumi Armada Bhd
has signed a production sharing contract (PSC) with the Energy and Mineral Resources Ministry of Indonesia for the Akia PSC in the Tarakan Basin, North Kalimantan Province.
In a filing with Bursa Malaysia, Bumi Armada said the Akia PSC covers an area of 8,394 sq km and contains the Aster and Tulip oil and gas discoveries.
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