OSLO, Norway -- Indonesian national oil and gas company PT Pertamina and Statoil ASA signed a letter of intent March 30, 2007, that strengthens cooperation between the two companies.
Norwegian Prime Minister Jens Stoltenberg and Indonesian Minister of Energy and Mining Purnomo Yusgiantoro signed the cooperation agreement at a ceremony in Jakarta.
The agreement stipulates that the two companies will pursue jointly further exploration opportunities, particularly in Indonesia's eastern territories.
Earlier in March, Statoil and Pertamina were awarded the Karama deepwater block in the Makassar Strait. Statoil also holds an interest in the neighboring Kuma block.