Ministry evaluates contract termination proposals

The Ministry of Energy and Mineral Resources is evaluating proposals on termination of around 7 and 8 production sharing contracts.

Directorate General Oil and Gas Eddy Hermantoro said on Thursday the directorate general received the proposal from upstream authority SKK Migas and is evaluated the proposals, particularly with regards assets related to the contracts such as drilling, seismic data and equipment. The assets belong to the government.

?The assets include data. Where are they now? We don?t want to be left with nothing,? he said in a statement released on the directorate general?s website.

He said the government wants to acquire the data so that the blocks covered by the contracts can be developed in the future using certain technologies.

SKK Migas? data say there are several PSCs that have been proposed for termination. They are among others Banyumas (operated by Star Energy Ltd), Anadarko Papalang (Anadarko Papalang Ltd), Anadarko Popodi Ltd (Anadarko Papalang Ltd), East Ambalast (Chevron), North East Madura III (Anadarko Indonesia Company); Bengkulu (Ecosse Bengkulu Pty Ltd), Offsore Lampung II (Petronas Carigali Lampung II Ltd), Pasangkayu (Marathon Inti Petroleum Indonesia Ltd), Surumana (ExxonMobil E&P Surumana Ltd), Amborip VI (Conocophillips (Amborip VI) Ltd), Kuma (Conocophillips Kuma Inc. Ltd), Mandar (ExxonMobil E&P Indonesia (Mandar) Ltd), Sageri (Talisman (Sageri) Ltd), Karama (Statoil Karama), Gunting (ExxonMobil E&P Indonesua (Gunting) Ltd), Arafura Sea (Conocophillips (Arafura Sea Block Indonesia) Ltd), Rangkas (Lundin Rangkas BV) and South East Palung Aru (CNOOC).

Editing by Johannes Simbolon