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    India's Deep Industries Awarded CBM Blocks in Indonesia

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Summary

India’s Deep Industries Ltd has been awarded coal bed methane blocks in Indonesia’s Melak Mendung III working area, the company informed Bombay Stock Exchange Friday.

by: Shardul

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Asia/Oceania

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India's Deep Industries Awarded CBM Blocks in Indonesia

India’s Deep Industries Ltd has been awarded coal bed methane blocks in Indonesia’s Melak Mendung III working area, the company informed Bombay Stock Exchange.

Under the deal signed with the government of Indonesia, Deep Industries will explore for gas for the period of 30 years.

The Melak Mendung III Block of the East Kalimanthan Basin has a total area of 995.7 sq km.

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