By Romel S. Gurky
Medco Energi Sampang Pty Ltd, the operator of the Sampang PSC, and its partners recently signed a condensate sale and purchase agreement with PT Surya Mandala Sakti.
“On April 1, 2024, Medco Energi Sampang Pty. Ltd., Singapore Petroleum Sampang Ltd. Dan Cue Sampang Pty. Ltd. as parties in (the) Sampang PSC signed a Condensate Sale Purchase Agreement (CSPA) with PT Surya Mandala Sakti,” said IDX-listed energy company PT Medco Energi Internasional Tbk (IDX: MEDC), the parent of Medco Energi Sampang, in a recent statement without providing further details.
Read also: Cue updates Sampang ops
Medco Energi Sampang holds a 45% stake in the Sampang PSC, located in the Madura Strait, East Java Province. Its partners, Singapore Petroleum Corporation and Cue Energy, hold interests of 40% and 15%, respectively.
Editing by Reiner Simanjuntak
