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20 oil basins discovered in Indonesia
Houston News.Net
Thursday 28th August, 2008
At least 20 new basins of oil and gas have been found in eastern Indonesia.
Geologists have discovered at least 20 new basins, the Indonesian Business daily quoted secretary general of Indonesian Geologists' Association Ridwan Djamaludin as saying.
According to a 1985 mapping, the country has 67 oil and gas basins.
'Hopefully, the new mapping of basin can be used by the government and companies for references before an exploration on gas and oil,' he said.
Indonesia has currently developed 17 basins which may be potential for the next phase of oil and gas production, Ridwan said, adding 'other 33 basins are in an exploration level.'
Besides the eastern part, some other basins are located in areas in Sumatera, Papua, and Java.
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;) Midnight
08-28-08, 10:48 AM |
20 oil basins discovered in Indonesia
Oh that sounds like a stable investment.
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