RH Petrogas gets nod for new 20-year terms for two contracts

Singapore

SINGAPORE-LISTED RH Petrogas Limited has obtained approval from Indonesia to enter into new 20-year terms for two production sharing contracts upon the expiry of their current contract terms in 2020.

These contracts pertain to the projects in Kepala Burung (Basin PSC) and Salawati Kepala Burung (Island PSC), the independent upstream oil and gas company said on Monday.

Under the decrees of Indonesia's Minister for Energy and Mineral Resources, the company, through its subsidiaries Petrogas (Basin)…