Petcon to invest US$60 mln to develop Palangkaraya Block | Bisnis Indonesia 

(The Insider Stories) — Petcon Borneo Limited will invest US$60 million in six years to develop the Palangkaraya Block exploration with land area of 7,612 square meters in Kapuas, Central Kalimantan, Exploration Petcon Resource Vice President Hening Sugianto is quoted as saying by Bisnis Indonesia.

The company expects to discover resources in 10 years and produce in 20 years. Petcon has had approval to run Palangkaraya Block since July, 20th, 2012.

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