Petronas wants to acquire interest in eight oil, gas blocks
Thursday, June 8 2017 - 03:45 AM WIB
Petromindo|Dasir
Malaysia?s Petronas has expressed interest to the government to have participating interests in eight oil and gas blocks whose operatorship will be transferred to state-owned oil and gas firm PT Pertamina after their current contracts expire between 2017 and 2018.
Deputy for Procurement Control at upstream oil and gas authority SKK Migas, Djoko Siswanto said that while Petronas has yet to formally make the request, the company expressed the interest to the government during last month?s Indonesia Petroleum Association (IPA) conference. ?The Petronas CEO expressed interest for farm-ins in the oil and gas blocks whose contracts will expire. The government advised the company to hold business-to-business negotiation with Pertamina. But the new contracts will use the gross split scheme,? he told Petromindo.com on Thursday.
He added that existing operators of the eight oil and blocks have also expressed interest to continue participate in the blocks, except for Vico which has yet to make decision whether it would continue participate in the Sanga-sanga block with Pertamina as operator.
The government has decided to transfer the operatorship of oil and blocks to Pertamina including
Sanga-sanga, Block South East Sumatera, Tengah Block, East Kalimantan Block, Attaka Block, North Sumatera Offshore (NSO) Block, Tuban Block and Ogan Komering Block.
Editing by Reiner Simanjuntak