In December 18th, 2017, a 4-year extension (PJWE) was granted to the NBB PSC Exploration period by the Ministry of Energy and Mineral Resources (ESDM) to be valid until December 17th, 2021.

Early 2018, AKO took over PT Terra Global Vestal (TGV) along with PT Terra Global Vestal Baturaja (TGVB).  New Management and Technical teams were immediately appointed to carry out the works under PSC terms & to eventually operate the Block.

To fulfill the extended commitments as stated in the PJWE, TGVB has secured necessary SKK Migas approvals for 2019 Work Program & Budget.

TGVB is currently working on planning & preparing programs to carry out drilling of 2 (two) exploration wells and Passive seismic and Weight drop seismic works to be executed in 2019.