Indonesia: Pertamina to Operate Mahakam Block Even without Total
State-owned oil company Pertamina will operate the Mahakam block even
without Total E&P Indonesia.
"If it can't be done with Total, we have no choice but to become the
operator on January 1, 2018," he said Monday in Jakarta.
Total is one of the Mahakam block's operator. The block is also operated by
Inpex Corporation. The two companies' contract will end this year. The
government will then let Pertamina operate the Mahakam block. The previous
operators may rejoin the project as shareholders.
According to Arief, the cooperation with Total is not yet confirmed. Both
parties have not held further talks about the acquisition of shares. Total
has offered to acquire 39 percent stake in Pertamina. But the latter will
comply with the Energy and Mineral Resources Ministry decree that a company
may only acquire up to 30 percent stake in Pertamina.
"We [Pertamina] will follow the instruction of the previous government i.e.
30 percent. Even if we agree, it will be discussed again with Total whether
the value is right," he said.
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Link to Original Article:
https://en.tempo.co/read/news/2017/08/29/056904126/Pertamina-to-Operate-Maha
kam-Block-Even-without-Total
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John Diecker
APT Consulting Group Co., Ltd.
www.aptthailand.com
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