A new gross split PSC for Ogan Komering, effective May 20, 2018, was signed by Pertamina, Indonesia’s upstream regulator SKKMIGAS, and the Minister of Energy and Mineral Resources, awarding a 100% participating interest to Pertamina. Jadestone, as the prior partner in the PSC with Pertamina, has been directed to proceed with direct negotiations for participation in the new PSC with Pertamina.
