Pertamina signs mature fields cooperation deal

Pertamina EP, a subsidiary of state oil and gas company PT. Pertamina, signs cooperation deals today with partners to operate three maturing exploration fields and five production oil fields.

“The production from the signing fields are expected to reach 9,100 barrels per day in 2009,” Pertamina EP CEO Kun Kurnaely said on Wednesday.

Committed investment in the oil field exploration project will reach US$135.4 million. More cooperation deals are expected to be signed with partners this year to operate 11 maturing exploration fields and nine production fields, Kun said.

"We intend to sign all the cooperation deals this year in conformity with the government's expectation to speed up the oil and gas production," Kun added.

Pertamina EP's first quarter 2007 average oil production reaches 106.8 mbopd, or an increase of 91 percent from the company's 2007 target of 117.4 mbopd. (Bernard)  

No	Field	Location	Winner	Status
1	Perlak	Aceh	Pacific Oil & Gas Ltd	Production
2	Sungai Lilin	Jambi	Geo Corporation Ltd	Production
3	Tanjung Tiga Timur	South Sumatra	PT Formasi Sumatera Energi	Production
4	Ibul Tenggara	South Sumatra	PT Geraldo Putra Mandiri	Production
5	Bangkudulis	East Kalimantan	PT Duta Firza	Production
6	Suci	Central Java	PT Indelberg Indonesia Perkasa	Exploration
7	Kendal	Central Java	PT Sari Pari Pertiwi Abadi	Exploration
8	Kamundan	Papua	PT Kamundan Energy	Exploration