Mubadala Petroleum to Farmout a 20% Participating Interest in Both the Andaman I and South Andaman PSCs in Indonesia
Published on: Tuesday 16 July 2019
Mubadala Petroleum announces that it has signed an agreement with Premier Oil to farmout a 20 percent participating interest in each of the Andaman I and South Andaman Gross Split Production Sharing Contracts (PSCs). Mubadala Petroleum is the operator of both the Andaman I and adjacent South Andaman PSCs.
Completion of the transaction is subject to customary conditions including government approvals.
