NuEnergy Gas Continues Search for Rengat PSC Partner in Indonesia

NuEnergy Gas Limited continues to seek partners for the development of Rengat production sharing contract in Indonesia.

 "To balance the portfolio and generate funds for other exploration and development activities," said NuEnergy Gas in an interim report, Indonesia Today reported.

Rengat PSC is located in the Central Sumatra coal basin. The block covers an area of approximately 3,000 sq. km and is in the vicinity of major gas pipeline infrastructure. NuEnergy currently owns 100% interest in the block.

The company also has 40% interest in the Muara Enim PSC and 30% interest in Muara Enim II PSC.