KTF to buy into Mobile-8 Telecom<\/p>\n
SEOUL: South Korea's second largest wireless operator KTF said
\non Tuesday it has signed a contract to acquire a 2.9 percent
\nstake in Indonesia's PT Mobile-8 Telecom in return for a US$10
\nmillion investment.<\/p>\n
With the investment, KTF will become the Indonesian company's
\npreferred partner in its wireless Internet services. KTF has
\nprovided consultations on mobile services to PT Mobile-8.<\/p>\n
KTF hopes to use its partnership with PT Mobile-8 as a
\nfoothold for its overseas businesses.<\/p>\n
South Korean mobile carriers are seeking new businesses
\noverseas because of competition in a domestic market saturated
\nwith 33 million mobile phone subscribers in a population of 48
\nmillion.--AFP<\/p>\n
;DJ;
\nANPAf..r..
\nUnocal-Seno-oil
\nUnocal to embark on West Seno project
\nJP\/16\/brief<\/p>\n
Unocal to embark on West Seno project<\/p>\n
SINGAPORE: Unocal Corp. is set to embark on the second part of
\na two-phase West Seno oil and gas development project offshore
\nEast Kalimantan by early next year, said Andrew Buglass, a senior
\nexecutive at Unocal Asia-Pacific Ventures Ltd.<\/p>\n
Unocal will \"start the process (of arranging the award of an
\nengineering and procurement contract) in earnest early next
\nyear,\" Buglass said Tuesday.<\/p>\n
Completion of the second and last phase of West Seno
\ndevelopment is expected by 2005, he said, with oil production
\npeaking at 60,000 barrels a day.<\/p>\n
By Phase Two of West Seno development, gas output should peak
\nat 150 million cubic feet a day, he added.<\/p>\n
Buglass, vice president of Unocal's Asian project finance, was
\nspeaking on the sidelines of a power financing conference in
\nSingapore.<\/p>\n
The US$1-billion West Seno project in the Makassar Straits,
\nUnocal's first deepwater project in Indonesia, is expected to
\nyield 40,000 b\/d of oil \"shortly,\" Buglass said, declining to
\ngive an exact timeframe.<\/p>\n
Unocal estimates reserves of around 300 million barrels of oil
\nequivalent in its West Seno field, which it operates with a 90
\npercent interest. Its partner in West Seno, Indonesia's
\nPertamina, holds the remaining 10 percent. -- Dow Jones<\/p>",
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"sponsor": "Okusi Associates",
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