Abu Dhabi’ Mubadala Petroleum secures PSC contract in Indonesia

21 Mar 2013

(MENAFN) Mubadala Petroleum announced that it has secured the production-sharing contract (PSC) for an offshore block in Indonesia, reported Gulf News.

The company added that its interest in the West Sebuku block will be 75.5 percent.

Meanwhile, Inpex Corporation, Mubadala’s partner in the project, will hold the remaining 24.5 percent stake.

It is worth noting that Abu Dhabi-based Mubadala Petroleum will be the operator of the block.

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