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:
KrisEnergy (operator) 42.5%
PT. Satria Energindo 10.00%
PT. Satria Wijayakusuma 5.00%
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