Criterium to Revive 3 Assets in Indonesia

By Editorial Team 02/08/2023
Summary

Criterium Energy acquired a non-operated stake in Indonesia’s Bulu production-sharing contract (PSC).

"The move planted our flag. We’re looking at Indonesia. It’s really an option for the future, with minimal risk," Criterium COO Matt Klukas Klukas said.

In mid-June, Energy Voice reported, Criterium showed its larger hopes and struck a deal to acquire Mont d’Or Petroleum, with closing expected in July.

Mont d’Or has two PSCs. Tungkal, onshore in South Sumatra, produces about 1,000 barrels of oil per day (BOPD). West Salawati, in Southwest Papua, produces 20 BOPD.

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