Mubadala Petroleum wins Indonesia deal

The UAE-based Mubadala Petroleum, in partnership with Inpex Corporation, has been awarded the production sharing contract (PSC) for the West Sebuku block in Indonesia.

Mubadala Petroleum will be the operator of the project with a 75.5 percent interest, with Inpex holding the remaining 24.5 percent interest, a statement said.

The PSC was awarded by the Director General of Oil & Gas (Migas), the Ministry of Energy and Mineral Resources, Indonesia. The partners anticipate concluding detailed terms of the PSC in the near future, the statement said.

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