Salamander Energy Plc has sold its Kalimantan oil and
gas assets to Indonesian energy firms PT Perusahaan Gas Negara
Tbk and PT Medco Energi Internasional, Medco
and Salamander said on Wednesday.
Salamander swapped its 21 percent participation stake in
Simenggaris the block and a 41.7 percent stake in the Bengara-1
block for a 15 percent stake in the Bangkanai-Kerendan block,
owned by Medco Energi.
After that transaction, Salamander sold 30 percent of its
stake in Bangkanai-Kerendan oil and gas block in Central
Kalimantan to Perusahaan Gas Negara's subsidiary PT Saka Energi
Indonesia for a total of $57 million.
Medco now fully owns Bengara-1 and has 62.5 percent of
Simenggaris, the rest of which owned by Pertamina.
Salamander retains 70 percent ownership of Bangkanai-Kerendan.
At 0705 GMT, shares in Medco Energi were up 1.74 percent at
1,750 rupiah, while Perusahaan Gas shares were unchanged at
5,200 rupiah. The broader Jakarta Composite Index was
down 0.32 percent.