Floating production, storage and offloading tanker: at the Basker Manta Gummy field
- Roc focus on BMG phase one
- BMG venture launches cost cutting plans
- BW seeks $90m for canned BG floater
- BW seeks Basker Manta costs
- CORRECTION: BMG sinks floater plan
- Basker Manta set for $1.18bn facelift
- Cooper basin floats Beach revenues
- Anzon ups Basker Manta Gummy reserves
- Roc nod for BMG reserves numbers
- Takeover rolls Roc revenues
- BMG partners sink floater plan
Pertamina snaps up Baska Manta stake
Roc Oil offshoot Anzon Australia has sold a 10% stake in the Basker Manta Gummy project off the Australian state of Victoria to Indonesia’s Pertamina for $31.5 million.
Pertamina will buy a 10% interest in production licences VIC/L26, VIC/L27 and VIC/L28 off Victoria, which include the BMG project.
Roc will retain a 30% interest in and remain operator of the BMG project.
The effective date of sale is 1 April 2009 and completion is expected in the third quarter 2009.
Once the deal is completed, BMG joint venture participant interests will be Anzon Australia as the operator on 30%, Beach Petroleum also on 30%, CIECO Exploration & Production on 20%, Sojitz Energy with 10% and Pertamina on 10%.