Core Viewpoint - CNG has entered into an operational cooperation agreement with PIONEER OIL INDONESIA (POI) to conduct oil and gas exploration, development, and production activities in a specific area of the Jabangdengka block in Indonesia, with POI covering all operational costs and investing up to $200 million over three years [1][1][1] Group 1 - The agreement allows CNG to avoid any financial contribution while benefiting from potential profits, which will be shared equally (50:50) if exploration is successful [1][1] - POI, a company registered in Indonesia, specializes in oil and gas field exploration and development, with ownership split equally between two stakeholders [1][1] - The cooperation aims to accelerate the exploration and development process of the Jabangdengka block by leveraging the resources, expertise, and experience of both CNG and POI to create synergies [1][1][1]
华油能源附属与POI订立营运合作协议 拟在印尼开展油气勘探、开发及生产活动