Hyoil poised to enter offshore Indonesia permit

Offshore staff

NORTH SYDNEY, Australia – AWE has agreed to sell its 42.5% interest in the Bulu PSC offshore East Java to a subsidiary of Hyoil for up to A$27.5 million ($20.3 million), subject to Indonesian government approval.

The PSC includes the undeveloped Lengo gas discovery.

Current partners are:

AWE 42.5%

KrisEnergy (operator) 42.5%

PT. Satria Energindo 10.00%

PT. Satria Wijayakusuma 5.00%


Share your news with Offshore at news@offshore-mag.com

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...