Salamander brings on new partner in Indonesia

Salamander Energy, the upstream oil and gas group on the FTSE 250, has reduced its stake in the Bangkanai Production Sharing Contract (PSC) in Indonesia to 70 per cent after a series of deals saw it take on a strategic partner at the project.

Salamander Energy, the upstream oil and gas group on the FTSE 250, has reduced its stake in the Bangkanai Production Sharing Contract (PSC) in Indonesia to 70 per cent after a series of deals saw it take on a strategic partner at the project.

The firm initially raised its stake in the Bangkanai PSC, Central Kalimantan, from 85% to 100% by acquiring the outstanding 15% interest through an asset swap with PT Medco Energi.

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