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Medco takes stake in Jeruk field

Singapore Petroleum Company (SPC) and Australia's Cue Energy have agreed to farm out part of their stake in the Jeruk field off East Java to Indonesia’s Medco Energi.

Carrying its weight: Medco is helping SPC and Cue shoulder part of the premiums that they have to pay to Santos in exchange for a stake in the Jeruk field
Carrying its weight: Medco is helping SPC and Cue shoulder part of the premiums that they have to pay to Santos in exchange for a stake in the Jeruk field
  • Bevis Yeo
Published 5 January 2006, 05:06Updated 7 October 2016, 12:46
Asia & Oceania