Free press releases distribution network?

More news: Energy
Agency / Source: Lonestar Corporation Plc

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



British Borneo Petroleum Name Revived by British Asian Entrepreneur - Old British Colonial Oil and Gas company, revived by British Asian entrepreneur, returns to its traditional market in Borneo
British Borneo Petroleum Name Revived by British Asian Entrepreneur

 

PRZOOM - /newswire/ - Valetta, Malta, 2007/03/23 - Old British Colonial Oil and Gas company, revived by British Asian entrepreneur, returns to its traditional market in Borneo.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

British Borneo Petroleum was founded in London in 1912, to oversee oil and gas licenses in the colonies of British North Borneo and Brunei. In 1999 it merged with ENI of Italy, ending nearly a century as an Independent British oil and gas company.

Now in an ironic twist, a British – Asian entrepreneur, Shiv Nair has revived the old name and is bringing the company back to its old stomping grounds in Borneo.

The company recently signed a joint operating agreement with P. T. Petro Nanggroe Aceh Darussalam (PETRONAD) of Indonesia, covering Aceh of which PETRONAD is the provincial oil company.
Under the agreement, British Borneo Petroleum and PETRONAD will jointly pursue acerage in Aceh, with British Borneo providing finance and technical expertise.

As the provincial oil company of Aceh, PETRONAD has right of first refusal on all exploratory and development blocks and intends to use its joint operating agreement to target fields with proven reserves. Aceh accounts for nearly 15% of all Indonesian production.

Nair, who is the CEO of British Borneo Petroleum stated that the company was also in discussions with Brunei National Petroleum Company about jointly bidding for assets in Indonesia, India and Libya. Additionally, MidMed Upstream a contract operator in which British Borneo holds a 50% share has just signed a joint operating agreement with the Hi-Tech group of Sudan. Hi-Tech owns a 20% interest in four blocks in the Sudan and 100% interest in four blocks in Mauritania:

“We are putting together a good multi-national technical team, are focused on proven fields in challenging areas, and whenever possible join with state companies to maximise value” said Larry Franks, Director Exploration of British Borneo. Formerly Head of Exploration at Magellan Australia, Larry is British Borneo’s Director Exploration, responsible for leading British Borneo, back into its historical home on the Island of Borneo.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Lonestar Corporation Plc

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


British Borneo Petroleum Name Revived by British Asian Entrepreneur

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Ian Smith - Lonestarplc.com 
+35 6999493606 ian[.]lonestarplc.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Lonestar Corporation Plc securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Lonestar Corporation Plc / Company Profile


Read Energy Most Recent Related Press Releases:

GE’s Gas Engine Technology Provides Cost-Effective, Grid-Stability Solution for Cameroon Poultry Hatchery
Venture Global LNG Selects GE Oil & Gas Advanced Technology Plant-wide Solution for LNG Export Facilities Under Development in Louisiana
SolarWinds Unveils the Next Generation of IT Troubleshooting at Cisco Live EMEA 2017
SolarWinds IT Management Platform Being Tested for Secure Government Deployment
World's First Purpose-built LNG Bunkering Vessel Delivered to ENGIE, Fluxys, Mitsubishi Corporation and NYK
Enel Closes Acquisition of Brazilian Distribution Company CELG
SolarWinds IT Management Platform Achieves Common Criteria Certification
GE & HEI Achieve Major Milestone with First Fire of HA Gas Turbine At Bhikki Power Plant
Aluminium of Greece Collaborates with GE to Drive Efficiency Using Predix*-based First-of-their-kind Digital Smelter Solutions
Enel Green Power Gives Renewable Energy to New Paediatric Surgery Hospital in Uganda

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  BizJobs.com

Visit  NAKIVO, Inc.

Visit  La Bella Bakery Artisan Bakery Arizona







 
  ©2017 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today