Japex, M'bishi Kick Off Oil Output In Indonesia

An Indonesian energy company backed by Japan Petroleum Exploration Co. (1662) and Mitsubishi Corp. (8058) has begun churning out crude oil at a field off East Java.
Output has started at 6,000 barrels a day at the Pagerungan Utara oil field, which is located in the Kangean block.
Japex and Mitsubishi took 25% stakes in Indonesian energy company Energi Mega Pratama Inc. back in 2007. An Energi Mega subsidiary is in charge of operations at the Kangean block. It is operating one natural gas and one oil field in the block, with production at a midsize gas field due to begin next year.
Source: Nikkei.com