Karana lies to the north and east of Pearl's Sebuku
Group will needs an estimated US$2 billion to finance the construction of an integrated iron smelter project on the island of Sebuku
, South Kalimantan.
The iron ore mining company, PT Sebuku
Iron Lateritic Ores (SILO), in Kotabaru, South Kalimantan, will build its second dry iron ore smelting plant worth US$300-350 million.
The Ruby gas field is located within the Sebuku
Production Sharing Contract in the Makassar Strait between the islands of Kalimantan and Sulawesi.
A stable flow was established through the export pipeline at the gas field, which is located within the Sebuku
Production Sharing Contract (PSC) in the Makassar Strait between the islands of Kalimantan and Sulawesi.
Mubadala Petroleum, through its Indonesian affiliate, is the operator of, and has a 70 per cent interest in, the Sebuku
block that covers the field.
The executed EPC in the Mining sector include Jetty, Barge Loader & Conveyor - Jembayan, Serakaman Sebuku
, and Berau Coal Suaran, all of which are located in Kalimantan.
Okushima Mika 2002 Commentary on the Sebuku
Document: Local History from the Perspective of a Minor Polity of Coastal Northeast Borneo.
Pearl Oil, a wholly-owned subsidiary of Mubadala's Pearl Energy, will have 70 per cent stake in the Ruby Gas field, while Total E & P Sebuku
and INPEX South Makassar will each have 15 per cent.
Straits Resources Limited (ASX:SRL) said that Straits Asia Resources Limited (SGX:SAR) has been issued the Principle Licence on the Northern Leases at Sebuku
The target price has been decreased after lowering of fiscal 2011 and fiscal 2012 earning estimates by 27 percent and 10 percent respectively to indicate lower volumes from Sebuku
mine and higher costs next year.
Notably, following closely in the footsteps of an Omani deal to exploit Iranian gas fields, (20) Abu Dhabi's Mubadala Development Corporation has acquired Singapore-based Pearl Energy, which in turn holds concessions to exploit Indonesia's Sebuku
gas field and the Jasmine field in the Gulf of Thailand.