The MoU is suitable for application of underground coal gasification (UCG) technology, and to undertake the preparation of a preliminary study for their commercial development.
In addition, it also provides for the potential formation of a joint venture for development of these projects.
This MOU aligns Cougar Energy with a commercial partner of substance in Indonesia.
MedcoEnergi, based in Jakarta, is a subsidiary of Medco Energi Internasional Tbk, a publicly listed company with energy interests including domestic and international oil and gas operations, power generation and the development of downstream industries.
MedcoEnergi with Cougar Energy aims to bring the UCG industry into the mainstream of energy supply in Indonesia.
The firms have already identified target coal resources and plan to progress the MOU goals rapidly.
