Jakarta - PT Energi Mega Persada Tbk (ENRG) business entity, EMP Malacca Straits SA (EMSA), transferred all 56.968% EMSA interest participation in the Malacca Strait Block PSC, including the operatorship of the Malacca Straits PSC block management to PT Imbang Tata Alam (ITA).

"This transfer was carried out internally, because the two companies are companies that are jointly owned and controlled by the company," said ENRG President Director Syailendra Bakrie in information disclosure on Thursday (16/12).

This step was marked by the signing of a sale and purchase agreement (SPA) and a deadline of assignment on September 10, 2021.

Based on the SPA, the transfer of participation interest is effective if it has obtained government approval, which was obtained on October 8, 2021, through an oil and gas SKK letter received by the company on November 16, 2021.

With the approval of the transfer of interest participation, ITA becomes the sole