The Ministry of Energy and Mineral Resources (ESDM) have shown signs that it would extend the contract of Energy Equity Epic (Sengkang) Pty. Ltd (a subsidiary of Hong-Kong-based Energy World Corporation or EWC) on the management of the Sengkang Block (which is due to expire on October 24, 2022). EWC is willing to pay a signing bonus of  US$ 12 million and to provide a five-year firm commitment fund (KKP) of US$ 88 million.

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