MNK (Non-Conventional) Kisaran PSC Awarded to Bukit
First Industry Unconventional Tight Oil and Gas PSC in Indonesia
June 19, 2014
Bukit Energy and partners New Zealand Oil & Gas and Pacific Oil & Gas have been awarded the first industry unconventional Production Sharing Contract for shale gas in Indonesia. This contract underlies our existing conventional Kisaran PSC in Central Sumatra, which contains the Parit Minyak light oil discovery, and includes contract terms and tenure for both shale and tight sand reservoirs. This award marks a major step towards the development of Indonesia’s unconventional oil & gas business, and positions Bukit at the forefront of this emerging industry.