Prospective purchasers include the Korea National Oil Corporation and possibly Thailand upstream company PTTEP, which is said to have its eye on the offshore north-west Java concession. The bids are due in next Friday, said one source on condition of anonymity. The deadline was put back by two weeks, he added without elaboration. KNOC will not be bidding in partnership with the PTTEP, a Seoul source said, pouring cold water on a report in Bangkok Thai language business news service Krungthep Turakij.
Deadline is drawing near on Maxus
COMPANIES have been given until 11 August to submit their bids for Maxus' Indonesian assets, which Spanish/Argentine energy giant Repsol-YPF is looking to sell. Up for grabs are seven production sharing contracts in Indonesia, some of which are already on stream.
4 August 2000 0:00 GMT
Updated
4 August 2000 0:00 GMT