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Jakarta (ANTARA) - PT Pertamina (Persero), acquired 15 percent shares (participating interest) of oil and gas blocks Plant II, located off the south coast of West Papua.

Pertamina upstream director of Good Setiardja in Jakarta, Tuesday, said the signing of the acquisition was conducted in Jakarta, June 17, 2010.

"Currently, we are still in the process of giving formal information to the Directorate General of Oil and Gas BP Migas and the Ministry of Energy," he said.

Penandatanagan acquisitions made Pertamina, PT Pertamina Upstream Energy (BHP), Murphy Oil Corp., Inpex Corp., and PTT EP.

According to Good, as compensation for the acquisition of 15 percent, Pertamina set aside for petroleum operations valued at 149.5 million U.S. dollars which is part of the signature bonus amounting to 11 million U.S. dollars and exploration commitments during the first three years of 138.5 million U.S. dollars.

With the acquisition of 15 percent by Pertamina, reduced stock three previous owners of five percent respectively.

Good said that Murphy has a 33.3 percent stake originally Semai II to 28.3 percent, 33.3 percent of PTT EP initially be 28.3 percent, and Inpex from 33.3 percent to 28.3 percent. "The rest Pertamina 15 percent, "katanya.y

Cooperation contracts (KKS) Block Plant II was signed in November 2008 by Murphy, PTT EP, and Inpex, each of which has a 33.3 percent share.

Murphy became the operator in the block which covers an area of 3.300 square kilometers it.

According to the contract, during the first three years of exploration, drilling will be done as many as three wells.