Energi Mega Persada secured the extension of Gebang PSC gas block in North Sumatera for another 20 years

Jakarta, 16 November 2015

PT Energi Mega Persada Tbk. (“EMP” or “the Company”) today reported that it has secured the extension of the Gebang PSC block (North Sumatera) for another 20 years. In the new extended contract, EMP through its subsidiary, owns 100% participating interest in the Gebang PSC. Prior to such contract extension, the Gebang block is operated by both Pertamina Hulu Energi and EMP via a Joint Operating Body (JOB).

Mr. Imam Agustino, the CEO of EMP, said, “We look forward to developing the two gas fields within the Gebang PSC block. The Anggor field already has an approved Plan of Development from the government; while the Secanggang field was tested positive for gas discovery. We hope to support fulfilling the gas supply deficits in North Sumatera.”

Mr. Amir Balfas, EMP’s Director, further explained, “On top of the gas prospects, all of the block’s prospective fields are located onshore and close to the available infrastructures. This increases the economics of the block’s operations”

Press Release – Energi Mega Persada secured the extension of Gebang PSC gas block for another 20 years

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For any questions relating to this release, please contact Herwin W. Hidayat (Investor Relations) at +6221-2994 1500. Other related Company information can be found at www.energi-mp.com

 

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