Further to DEA 28 Dec â18, the Ministry of Energy and Mineral Resources (MEMR) has officially signed 3 Gross Split contracts with the winners of the 3rd Conventional O&G Round 2018. Mubadala-owned PearlOil was awarded South Andaman, a consortium of Repsol and Mitsui received South Sakakemang, while state company Pertamina was awarded the Maratua block. Commitments include G&G studies and 3D surveys. Total signature bonuses USD 6 million, work commitments USD 10.95 million. More from GEPS.
The Ministry of Energy and Mineral Resources (MEMR) has officially signed 3 Gross Split contracts with the winners of the 3rd Conventional O&G Round 2018. Mubadala-owned PearlOil was awarded South Andaman, a consortium of Repsol and Mitsui received South Sakakemang, while state company Pertamina was awarded the Maratua block. Commitments include G&G studies and 3D surveys. Total signature bonuses USD 6 million, work commitments USD 10.95 million.