Under the terms of the memorandum, the Indonesian firm will provide its expertise in the upstream industry and will also provide Tenggara with government and industrial sector liaison services. Tenggara, in turn, will provide its expertise in the oil and gas sector, exploration, production and financing. Tenggara would also supply lubricants to the Indonesian market.
In a press release issued by Tenggara, the two companies would cooperate in the exploration, production and maintenance of oil and gas fields and the retailing of Malaysian-made lubricants made and other oil related products.