Submit Second Letter of Interest Regarding 10% PI: MEA and KALREZ Ready to Negotiate


Jakarta – PT Maluku Energi Abadi (Perseroda) submitted a Letter of Forwarding a Statement of Interest and Ability to Offer 10% Participating Interest in the Bula Working Area to the Kalrez Petroleum Limited Block Contractor at the Menara Prima Building in the Mega Kuningan area, Jakarta, Thursday (13/01/ 2022) ago.

The second letter of interest was submitted directly by the Director of MEA, Ir. Musalam Latuconsina to the General Manager of Kalrez, H. DEA Setia witnessed by the State Attorney at the Maluku Attorney General’s Office, Lulus Mustofa SH., MH. and Independent Advisor to JMT Lawhouse, Dr. Eric.

Kalrez through his GM accepts and welcomes the presence of MEA and hopes that this second Letter of Interest will bring blessings to all.

“We are happy that MEA has decided to join us to operate the Bula Field, hopefully production will be even better with MEA’s company,” said General Manager of Kalrez, H. DEA Setia.

On that occasion it was also revealed that MEA has appointed its subsidiary PT Maluku Energi Bula as PPD Migas which will manage the 10% PI in the block where most of the oil and gas wells are field B status or the Dutch heritage.

“We have appointed PT Maluku Energi Bula as the manager of the 10% PI in the block that is included in the Bula Working Area,” said Mussalam Latuconsina.

Meanwhile Lulus Mustofa has consistently reminded MEA and KALREZ to continue to comply with the applicable regulatory corridors in the effort to transfer the 10% PI.

“There should not be parties who will later deal with legal issues as a result of not understanding the rules,” said Lulus Mustafa.

In this warm event, both MEA and Kalrez agreed on a solid schedule for discussing the 10% PI transfer contract along with the Joint Operation Agreement which is targeted to be signed on March 14, 2022.(SF)

Source :

Related Posts