Mitsubishi Corp and JAPEX acquired 50% interest in the Kangean production sharing contract (PSC) back in 2007 from Bakrie Group with estimated enterprise value of US$720 million. Two years later, JBIC and BTMU signed syndication loan facilities of US$300 million to finance development of the so-called Terang, Sirasun, and Batur (TSB) gas fields. This year, Bakrie Group repurchased 25% interest from Mitsubishi.To subscribe please click here