Pertamina Hulu Energi (PHE) will take 20 per cent and Petronas Masela Sdn Bhd will take a 15 per cent stake in the Indonesian gas block, the companies said at a signing ceremony at the Indonesia Petroleum Association conference.
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The deal involves Pertamina Hulu Energi acquiring a 20% stake, and Petronas Masela buying a 15% interest in the Masela PSC, which includes the Abadi gas project.