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.

The CBM acreage has the total area of about 1,750 square kilometres.  The area overlaps with the Sanga-Sanga gas field owned by the four Japanese companies through Universe Gas & Oil.  In order to pursue development opportunities of CBM in the region, the four companies established Japan CBM Limited today.

(*1) Ownership of Japan CBM Limited
40.12%:	Osaka Gas:
40.12%:	Japan Petroleum Exploration Co. (JAPEX):
14.97%:	Japan Energy Corp.
04.79%:	LNG Japan

(*2) Ownership of Sanga-Sanga CBM block
26.25%:	BP plc
26.25%:	Eni SpA
20.00%:	Opicoil Energy
15.625%:	VIC
07.5%:	VICO (operator)
04.375%:	Japan CBM