SK earthon acquires 34% stake in Indonesian oil block

SK earthon acquires 34% stake in Indonesian oil block

SK earthon, a Korean oil exploration and production (E&P) company, said Monday it has acquired a stake in a potential oil block in Indonesia as part of its efforts to expand overseas E&P activities. SK earthon said it has taken over a 34 percent stake in the North Ketapang block from Malaysia's Petronas North Ketapang Sdn. Bhd., joining the project alongside two existing partners. The other stakeholders are Petronas North Ketapang, which holds a…