Anadarko expands

摘要

Petroleum has significantly increased its access to exploration acreage in Indonesia through an exploration joint venture agreement with Medco Energi International.Under the JV,Anadarko subsidiaries gain access to 13 production sharing contracts(PSC)totaling 7.8 million acres onshore and offshore Sumatra,Kalimantan,Sulawesi,Java and Papua.Anadarko,which has committed to an 80 million,three-year work programme,has the opportunity to earn up to a 40% interest in each PSC area where a successful exploration well is drilled at its cost and a plan of development is approved.