A consortium consisting of Bukit Energy Palmerah Baru (operator, 54%), New Zealand Oil & Gas (36%), and PT SNP Indonesia (10%) won a permit to explore the Palmerah Baru block covering around 386 sq miles in onshore south Sumatra, Indonesia. The consortium will commit to an initial 3-year exploration work program to include both 2D and 3D seismic acquisition and one exploration well.
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