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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Bumi Armada , PSC , Indonesia , Armada Kojo 

Next In Business News

MyBeST charges up for execution
CAB Cakaran ready to roll in Indonesia
Malaysia can rest easy for now
More turbulence ahead?
KSL’s quiet transformation
Yayasan Peneraju unveils new basic package to accelerate Bumiputera AI upskilling
DIY homes: A growing trend
Why speculation hurts homebuyers
More fresh paint forl aneways
Ringgit likely to trade within 4.04-4.07 range next week

Others Also Read