Core Viewpoint - CNG has entered into an operational cooperation agreement with Pioneer Oil Indonesia (POI) to explore, develop, and produce oil and gas in the Jabangdengga block in Indonesia, with CNG set to receive 70% of the profit share from the project [1] Group 1 - CNG will not bear any funding obligations under the agreement, while POI will cover all operational costs in the designated area of the Jabangdengga block [1] - POI is expected to invest up to $200 million over the next three years to support exploration and development activities [1] - If exploration efforts are successful, profits will be shared equally (50:50) between CNG and POI [1] Group 2 - The operational cooperation agreement aims to accelerate the exploration and development process of the Jabangdengga block by leveraging the resources, expertise, and experience of both CNG and POI [1]
华油能源(01251.HK)附属拟与POI在印度尼西亚贾邦登加区块某区域开展油气勘探、开发及生产活动