Pertamina eyes CNOOC? interest in SES block
Friday, June 24 2016 - 01:10 AM WIB
State owned oil and gas company PT Pertamina is considering acquiring the interest of China National Offshore Oil Company (CNOOC) in South East Sumatra (SES) block offshore Lampung, western part of Java.
?We are evaluating several blocks for acquisition, including SES,? Pertamina?s President Director Dwi Soetjipto told Petromindo.com.
CNOOC is offering its stake in the block since it is not sure whether its contract on the block, which expires in September 2018, will be extended with the firm remaining the operator.
The SES block is located in the shallow water (17-55 m) of the Java Sea in southeast of Sumatra, about 90 km northwest of Jakarta. CNOOC SES Ltd as operator has 65.54 percent interest in the block, while the remaining interest is owned by Pertamina Hulu Energi OSES (20.55 percent), Saka Energi Sumatra (8.91 percent), and KUFPEC Indonesia (SES) B.V. (5 percent).
Editing by Johannes Simbolon