It now has an aggregate 60% working interest.
Mainboard-listed RH Petrogas (RHP)’s subsidiary is taking over operatorship of the Kepala Burung Production Sharing Contract (Basin PSC) from PetroChina International.
According to a release by RHP, the transition of operatorship to Petrogas (Basin) Ltd. (PBL) began October last year. PBL officially took over as operator on 1 January 2016.
Currently, the Basin PSC churns out around 3,700 barrels of oil equivalent per day net to RHP’s working interest.
RHP has an aggregate 60% working interest in the Basin PSC through two wholly owned subsidiaries—PBL and RHP Salawati Basin B.V. PetroChina and PT Pertamina Hulu Energi Salawati Basin hold 30% and 10% respectively.
Do you know more about this story? Contact us anonymously through this link.