Investment Summary

MI Berau B.V. Invests In Tangguh LNG

On September 18, 2001, MI Berau B.V. invested in oil/gas exploration company Tangguh LNG

Investment Highlights
  • This is MI Berau B.V.’s 1st transaction in the Oil/Gas Exploration sector.
  • This is MI Berau B.V.’s 1st transaction in Indonesia.

Investment Summary

Date 2001-09-18
Target Tangguh LNG
Sector Oil/Gas Exploration
Investor(s) MI Berau B.V.
Deal Type Stake Purchase

Target

Tangguh LNG

Jakarta, Indonesia
Tangguh LNG is a major multinational project involving the development of six gas fields in the Wiriagar, Berau and Muturi Production Sharing Contracts (PSC) in Bintuni Bay, Papua Barat.Tangguh started production in 2009, just four years after its initial sanction by the Government of Indonesia, and is operating at design capacity with work now ongoing to expand the plant through the addition of a third train (Train 3).

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Investor(S) 1

Investor

MI Berau B.V.

Papua, Indonesia

Category Company
Founded 2001
Sector Oil/Gas Exploration
DESCRIPTION

MI Berau B.V. engages in the development and extraction of liquid natural gas.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Indonesia M&A 1 of 1
Year: 2001 M&A 1 of 1