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Ramba in Lemang farm out

By  AOG Staff Wednesday, 20 September 2017 09:20
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Ramba Energy’s subsidiary PT Hexindo Gemilang Jaya has entered into agreements with Mandala Energy to farm-out a 15% participating interest in the Lemang block production sharing contract.

Hexindo has also granted a call option to Mandala to acquire an additional 6% participating interest in the Lemang PSC from Hexindo.

The Lemang block is located in the northernmost part of the hydro-carbon rich South Sumatra basin, a proven region for oil and gas production with transportation infrastructure already in proximity.

The Lemang PSC was initially entered into in January 2007, and this contract granted Hexindo and PT In delberg Indonesia the right to join and assist Badan Pelaksana Kegiatan Us aha HUIU Minyak dan Gas Burni in the exploration for, exploitation of and development of the potential resources within the Lemang block.

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