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Indonesian Approval Secures Funding for Lion Energy’s East Seram Drilling Push
8:28am on Monday 29th of June, 2026 AEST
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Energy
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Indonesian Approval Secures Funding for Lion Energy’s East Seram Drilling Push
8:28am on Monday 29th of June, 2026 AEST
Key Points
Indonesian government approves 15% farm-out to OPIC
OPIC to fund 88% of Bula Karang-1 well costs up to US$5.6 million
Lion retains 45% interest in East Seram PSC
Bula Karang prospect targets 12 million barrels of oil
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