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The Indonesian and Malaysian governments have approved the changes of ownership for oil and gas blocks that will be transferred to a new joint venture.
Indonesian and Malaysian governments have approved ownership changes for 19 oil and gas assets.
KEY POINTS
- The new joint venture company is named SEARAH and will manage assets from both countries.
- SEARAH is expected to become operational on July 1, pending final internal procedures.
- The integrated assets have an initial base of over 300,000 boepd, targeting 500,000 boepd medium term.
COMPANIES
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