FRONTIER SEARCH TO SLOW IN INDONESIA

Oil and gas exploration in Indonesia likely will begin refocusing on proven areas after 1993, Arthur Andersen & Co.'s Far East oil analyst predicts. Arthur Andersen's James Sales said disappointing exploration results, outdated production sharing contract (PSC) terms, and low oil prices are discouraging companies from exploring frontier acreage. But Indonesian frontier activity during 1992-93 is likely to remain high because a large number of PSCs awarded in the past 2 years by state

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