Statoil to Aquire Stakes in Indonesian Oil Licenses

Norwegian oil and gas firm Statoil  said on Tuesday it would aquire stakes in three offshore exploration licenses in Indonesia.

The firm said it would acquire a 40 percent equity interest in a North Makassar Strait Production Sharing Contract (PSC) and “a similar interest” in two additional offshore PSC’s, West Papua IV and Halmahera-Kofiau

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