Geological Agency finds new oil source on NTT shore

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Kilang Minyak
Oil drilling operation. (Source: Pertamina)

Jakarta, IO – Energy and Mineral Resources Ministry’s Geological Agency revealed that a new resource in the form of oil seep has been found on the coast of the East Nusa Tenggara (NTT).

Eko Budi Lelono, the agency’s head, ascertained that the seepage is not due to an oil spill, but rather petroleum deposit that surfaced when the sea water receded, CNBC Indonesia reported on Monday (15/8).

The finding has been reported to the Energy and Mineral Resources Minister to be followed up. “It’s seepage, like a water spring coming out of the coast in NTT when the sea water recedes but this is oil,” said Budi.