18 PSCs in termination process: SKK Migas

By Bernard Loebs

Upstream authority SKK Migas announced that 18 production sharing contracts (PSCs) are in the process of termination, with reasons ranging to a failure in fulfilling the firm commitment to hydrocarbon findings that are not economically feasible for a further development.

SKK Migas explained the termination process in its 2012 annual report partially obtained by petromindo.com.

The following is the list of 16 of the 18 PSCs (the remaining 2 PSCs are not available at the moment):

1. Bengkulu PSC, Ecosse Energy, Onshore, (contract started 4-8-2009)
2. Banyumas PSC, Lundin Petroleum, Onshore, (17-5-2001)
3. Gunting PSC, ExxonMobil, Offshore, (13-11-2008)
4. North East Madura III PSC, Anadarko, Offshore, (12-12-2004)
5. Lampung II PSC, Petronas, Offshore, (22-9-2006)
6. Rangkas PSC, Lundin Petroleum, Onshore, (27-5-2008)
7. Arafura Sea PSC, Conocophillips, Offshore, (13-11-2008)
8. Kuma PSC, Conocophillips, Offshore, (16-1-2007)
9. Mandar PSC, ExxonMobil, Offshore, (21-3-2007)
10. Sageri PSC, Talisman Energy, Offshore, (21-3-2007)
11. Surumana PSC, ExxonMobil, Offshore, (18-2-1981)
12. Amborip VI PSC, Conocophillips, Offshore, (22-9-2006)
13. East Ambalat PSC, Chevron, Offshore, (12-12-2004)
14. Papalang PSC, Anadarko, Offshore, (7-12-2001)
15. Pasangkayu PSC, Marathon International Petroleum Indonesia, Onshore, (22-9-2001)
16. Popodi PSC, Anadarko, Offshore, (7-12-2001)

Editing by Dadan Wijaksana