Pertamina scouts for partners to develop CBM blocks
Wednesday, April 28 2010 - 06:29 PM WIB
State oil and gas company PT Pertamina is looking for partners to jointly explore and develop its four CBM concessions in Sumatra and Kalimantan.
?Pertamina needs partners, as investment to develop CBM blocks are huge,? CEO Karen Agustiawan said.
Pertamina?s CBM blocks are Sangatta I with 52 percent interest, Sangatta II (40%), both are located in East Kalimantan and Tanjung Enim (55%) and Muara Enim (60%), both are in South Sumatra.
Pertamina is also targeting to accelerate CBM production from 2013 to 2011 for Sangatta I and Tanjung Enim blocks.
Karen said Pertamina and its partners in CBM blocks wanted to renegotiate terms and conditions in the blocks? contracts. (godang)