New Zealand Oil & Gas Ltd. says that the right to explore for 'unconventional' oil and gas resources in Central Sumatra, Indonesia, has been awarded to a consortium in which New Zealand Oil & Gas holds an 11.25 per cent interest.

Central Sumatra is one of the major oil producing basins in South East Asia. The MNK Kisaran production sharing contract covers a substantial sub-basin in the same area as the conventional Kisaran production sharing contract where the consortium partners last year successfully drilled for oil and gas. A plan of development for that discovery is currently being prepared, and is expected later this year.

Tags: New Zealand Oil and Gas Ltd