KUALA LUMPUR: Globaltec Formation Bhd’s subsidiary NuEnergy Gas Ltd has announced the discovery of natural gas in the Muara Enim Production Sharing Contract (PSC) area in Indonesia.
NuEnergy, which is listed on Australia’s stock exchange, said in a statement that the Indonesian special task force for upstream oil and gas business activities has confirmed the discovery and acknowledged NuENergy’s completion of its commitments with regard to that area.
The confirmation will allow NuEnergy to submit a plan of development within the next three years from Jan 18,2021.
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