BP in Indonesian coal bed methane deal

1st Apr 2011 07:07

BP has signed four new production sharing contracts over 4,800 square kilometres of coal bed methane areas in South Kalimantan, Indonesia. The contracts were awarded to BP and its local partners by the Indonesian government. In one of the contracts, BP will have 44% ownership over the contract, while in the other three it will have 45%.BP chief executive Robert Dudley said the agreements follow recent contracts to access new resources in Indonesia, China, India and Australia."BP has significant experience and expertise in the development of unconventional gas, including coalbed methane, and we look forward to working with our partners to apply this to the potential of Indonesia's coal resources," he said.RG