Bumi Armada secures production sharing exploration contract in Makassar, Indonesia

KUALA LUMPUR: Bumi Armada Bhd wholly-owned subsidiary Armada Kojo BV has inked a production sharing contract (PSC) with Indonesia’s Energy and Mineral Resources Ministry for the exploration block in Makassar Strait, Indonesia (Kojo PCS).

In a Bursa Malaysia filing today, Bumi Armada said Armada Kojo is the operator for Kojo PSC with a 100 per cent participating interest.