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SYDNEY, Oct 1 Asia Pulse - Arrow Energy NL (ASX:AOE) has struck two agreements with Indonesia's state-owned oil company, Pertamina, and its upstream subsidiary, Pertamina EP.
Pertamina is Indonesia's second biggest oil and gas producer.
The company produces more than 100,000 barrels of oil a day and almost 1,000 million cubic feet of gas daily.
Arrow said the two deals marked an agreed joint approach for the technical evaluation and review of prospective Coal Bed Methane (CBM) blocks, leading to potential joint ...