Petronas North Ketapang Sdn. Bhd., a subsidiary of Petronas, has signed a production sharing contract (PSC) for the North Ketapang block onshore and offshore East Java, Indonesia.
Petronas North Ketapang Sdn. Bhd., a subsidiary of Petronas, has signed a production sharing contract (PSC) for the North Ketapang block onshore and offshore East Java, Indonesia.
The block covers 3,132 sq km with water depths of up to 100 m.
Petronas won the block during the second round of Indonesia Petroleum Bid Round 2021 and holds 100% equity in the block (OGJ Online, Mar. 21, 2021).