CHEVRON, TEXACO UNITS AWARDED TIMOR BLOCK

05/07/1990
A combine of Chevron Corp. and Texaco Inc. affiliates has signed a production sharing contract with Indonesia's state owned Pertamina for oil and gas exploration on and off Timor Island. No exploration plans were disclosed. The contract covers a 4,566,778 acre block in the East Nusa Tenggara area of the Southeast Indonesian island and in the Timor Sea. Amoseas Indonesia Inc. will act as operator on the block for Chevron International Soe Ltd. and Texaco Exploration Soe Inc. The Chevron and Texaco affiliates each hold a 50% interest in the block. Chevron and Texaco subsidiaries also a...
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