Terra Energy & Resource Technologies, a natural resource exploration technology company, is expanding its oil and gas exploration services offering to Indonesia by signing a market partner agreement with PT Wahana Petranusa, an oil and gas services firm in Jakarta.
The contract sets forth a market partner framework between the companies, granting Petranusa certain rights in connection with the sales and marketing of the Terra exploration services in Indonesia.
Alexandre Agaian, president of Terra Energy & Resource Technologies, said: “PT Wahana Petranusa has already proven itself as a strong local partner by arranging for a pilot exploration contract for the Indonesian state-owned Pertamina’s oil and gas license territory.
“Our relationship started approximately one year ago, and we are encouraged to have solidified it via this market partner agreement and the services contract.”
Terra Energy & Resource Technologies, through its subsidiary Terra Insight Services, provides mapping and analysis services for exploration, drilling and mining companies related to natural resources found beneath the surface of the earth.