ASIA

Another loss for Nido

NIDO Petroleum's unsuccessful dalliance with offshore drilling in Indonesia appears to be coming to an end, with operator Lundin Petroleum withdrawing from the Gurita PSC, location of the Gobi-1 duster.

Haydn Black

The fifth permit year ends in March, and with Nido pulling out of the nearby Baronang and Cakalang PSCs, an exit from Indonesia would appear to be on the cards. Nido, which under new CEO Dr Mike Fischer...

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