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Sonoro Energy Ltd. V.SNV

Alternate Symbol(s):  SNVFF

Sonoro Energy Ltd. is a Canada-based oil and gas company. The Company is focused on oil and gas exploration and production in Canada and abroad, including the Middle East/North Africa (MENA) region, southeast Asia, and southeast Europe. The Company holds a 70% working interest in a proven Waseca channel heavy oil resource fairway, which consists of 1,840-acre contiguous oil field located in the Western Canadian Sedimentary Basin, Saskatchewan, Canada. The Company’s subsidiary, Sonoro Energy Canada Ltd. (Sonoro Canada), conducts its operations in the Province of Saskatchewan.


TSXV:SNV - Post by User

Comment by copperplayon Sep 03, 2021 9:49am
226 Views
Post# 33808675

RE:RE:RE:Maybe next week.

RE:RE:RE:Maybe next week.
GeorgiaStreetE wrote:
The source for this rumour being a random website in Indonesia that incorrectly identifies the current operator as the one from years ago?



Jakarta, CNBC Indonesia - The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) said that during 2017-2023 there were 31 contract work areas (WK) or oil and gas blocks that ended.

Head of SKK Migas Dwi Soetjipto said, out of these 31 WKs, as many as 14 working areas have been switched to new operators, the majority of which have gone to Pertamina. The other 17 oil and gas WKs, he added, are still managed by the old operators.

"There are 31 exploitation work areas whose cooperation contracts expire in the period 2017 to 2023. There are 14 WK whose status has been switched to a new operator," he said in a Hearing Meeting (RDP) at Commission VII DPR RI, Thursday (27/05). /2021).

 

He explained, of the 31 oil and gas WKs whose contracts expire in 2017-2023, 29 oil and gas WKs have been decided by the government regarding the process of extending or continuing their management.

"Meanwhile, 1 WK is given temporary management status because the time (the contract will end) is not too long and 1 other WK is in the process," he said.

Dwi said, of the 31 WK contracts that will or have expired, most of the contract schemes are now switching to Gross Split Production Sharing Contracts ( PSCs) from the Cost Recovery profit sharing contract scheme (operating costs returned by the government to oil and gas contractors). ).

"Except for Mahakam, Lematang, then JOB Tengah, North Sumatra Block B," he said, mentioning a number of oil and gas WKs that are still using the PSC Cost Recovery scheme .

The following is a list of 14 Oil and Gas WKs whose contracts have been transferred to new operators:

1. Mahakam, as of 1 January 2018 managed by PT Pertamina Hulu Mahakam from the previous Total E&P Indonesie.

2. Sanga-Sanga, as of August 8, 2018 managed by PT Pertamina Hulu Sanga-Sanga from previously Vico Indonesia Company.

3. Southeast Sumatra, as of 6 September 2018 managed by PT Pertamina Hulu Energi OSES from previously CNOOC SES Ltd.

4. Central, as of 5 October 2018 managed by PT Pertamina Hulu Mahakam from the previous JOA (JOB) Total Tengah.

5. East Kalimantan and Attaka, as of October 25, 2018 managed by PT Pertamina Hulu East Kalimantan from previously Chevron Indonesia.

6. Salawati, as of 23 April 2020 managed by Petrogas (Island) Ltd from the previous JOB Pertamina-PetroChina Salawati

7. Rokan, as of August 9, 2021, managed by PT Pertamina Hulu Rokan from previously Chevron Pacific Indonesia.

8. Selat Panjang, as of September 6, 2021, is managed by PT Sumatra Global Energi from previously managed by Petroselat Ltd.

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