Tata Petrodyne, through its subsidiary, Dian Energy BV (DEBV), has recently acquired 100% interest in O&G NewCo1 BV (NewCo), from Oil & Gas Equity Holdings, a 100% subsidiary of Shell Technology Venture Fund BV. Subsequent to the merger of DEBV with NewCo, DEBV will be the parent company of the following companies Meruap B.V., Merangin B.V. and Belida B.V.

The blocks are located in highly prospective South Sumatra basin, Indonesia, which is a back arc basin consisting of a number of structural sub basins formed due to an initial extension phase during the early Tertiary times. All the blocks are close to existing production infrastructure.