GULF CANADA STEPS UP PROGRAMS IN SUMATRA

02/19/1990
Subsidiaries of Gulf Canada Resources Ltd. have signed a production sharing contract and a joint operating agreement covering two areas in the southern part of Sumatra, Indonesia. Indonesia's Pertamina and Gulfcan Sumatra Ltd. signed the 30 year production sharing contract covering a 1,450 sq mile block north of the Corridor block. A 6 year exploration agreement in which Gulf was a partner expired last year. There is no production on the block. Pertamina and Gulf Canada subsidiary Asamera (Jambi EOR) Ltd. signed a joint operating agreement covering six producing fields in the Jambi area east of Gulfcan's Jambi p...
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