Indonesia's state energy company Pertamina, through its upstream unit, has acquired a 24.5% participating interest in the offshore, ultra-deepwater Bobara block in the Papua region from Malaysia's Petronas, Pertamina said in a statement on Monday.
The companies signed the deal on the sidelines of an Association of Southeast Asian Nations (ASEAN) summit in Kuala Lumpur over the weekend, Pertamina said. French TotalEnergies also holds a participating interest in the block.