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In a significant move that aligns with regulatory compliance and strategic cooperation, Bapak Ibrahim Attereh, the CEO of Texcal Energy officially signed the Participating Interest (PI) transfer agreement in the Mahato Working Area with PT Riau Petroleum Mahato. The signing ceremony took place at the Yudistira Ballroom of RA Suites Simatupang Hotel in Jakarta Selatan on Wednesday, 25 October 2023. The event was attended by various key stakeholders, including government officials and company executives.

The signing of the PI agreement in Mahato Working Area marks Texcal’s commitment to complying with the regulations as stipulated in the Regulation of the Ministry of Energy and Mineral Resources (ESDM) No. 37 year 2016 on Participating Interest In Oil & Gas Working Areas.

Texcal Energy

Texcal Energy assets include existing primary production in the Mahato PSC, as well as highly prospective areas close to large producing Oil and Gas fields in the Bohorok and South Block A PSC’s and the South Tuban Exploration KSO.