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November 30, 2009
Osaka Gas Co., Ltd.
A consortium of four Japanese companies including Osaka Gas (*1), in partnership with BP, Eni, and other companies, acquired a CBM interest in Indonesia through an international bidding process organized by the Indonesian government. A production-sharing contract was signed by the companies and the government of Indonesia for the Sanga-Sanga CBM Block (*2) in East Kalimantan. The companies plan to conduct a feasibility study for commercialization of CBM in the next three years.