Indonesia awards two PSCs in deepwater areas

Niko Resources Ltd. has received two new production sharing contracts in Indonesia.

Nov 22nd, 2011

Offshore staff

CALGARY, Canada – Niko Resources Ltd. has received two new production sharing contracts in Indonesia.

The North Banal PSC in deepwater East Kalimantan covers 2,432 sq km (939 sq mi) and was awarded to a consortium of Niko, Eni, Statoil, GDF SUEZ, and Black Platinum Energy. Eni will operate.

The Obi PSC covers 8,057 sq km (3,111 sq mi) offshore eastern Indonesia south of Halmahera Island. The consortium there consists of Niko, Statoil, and Manley N.V., with Niko as operator.

11/22/2011

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