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Building further ties with Pertamina

March 30, 2007, 14:30 CEST

Indonesian national oil and gas company PT PERTAMINA (Persero) and Statoil ASA have signed a letter of intent today, 30 March 2007, further strengthening cooperation between the two companies.

The Norwegian prime minister Jens Stoltenberg and the Indonesian minister of energy and mining, Dr Purnomo Yusgiantoro, attended the signing ceremony which took place in the Indonesian capital, Jakarta.

Earlier this month, Statoil and Pertamina were awarded the Karama deepwater block in the Makassar Strait. Statoil also holds an interest in the neighbouring Kuma block.

The agreement stipulates that the two companies will jointly pursue further exploration opportunities, particularly in Indonesia's eastern territories.