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LUKoil to explore Indonesian oil fields

      RBC, 06.09.2007, Moscow 18:40:15.LUKoil and the Indonesian state-owned oil company Petramina have signed an agreement to explore some potential fields on the republic's territory, the Russian oil giant's press office reported today. The document was signed in Jakarta during Russian President Vladimir Putin's visit to the Republic of Indonesia today.

      The agreement specifies the companies' joint operations for the next two years and involves formation of a steering committee and a joint technical group. The document promotes collaboration between LUKoil and Petramina, which shows great promise and paves the way for a strategic alliance for developing joint projects in oil and gas exploration and production, LUKoil President Vagit Alekperov said.

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