While Pertamina was busy figuring out ways to acquire Perusahaan Gas Negara (PGAS), the later acquired some strategic assets in the upstream oil and gas business. Its subsidiary Saka Energy exercised rights to acquire 75% interest in Ujung Pangkah block from Hess Corp for US$650 million. PGN is also in the process to acquire 8.91% interest in South East Sumatra Block.

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