Bukit Energy is awarded Palmerah Baru PSC in South Sumatra

Bukit Energy Palmerah Baru Pte. Ltd. and partners NZOG Palmerah Baru PTY Ltd. and PT Surya Selaras Sejahtera have been awarded the Palmerah Baru Contract in South Sumatra. The contract, signed in Jakarta on February 26th 2014, is a 30 year contract and Bukit Energy will be operator. The Palmerah Baru Block lies adjacent to the major producing acreages of Corridor and Jambi Merang in an area with over 1.5 billion BOE of discoveries and currently producing 200,000 BOEPD.