Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Kartini L Makmur, Robert Sidauruk
The Government is currently evaluating a proposal put forward by PT Total E&P Indonesie (Total E&P) to extend the cooperation contract for the Mahakam Bloc with aninvestment of USD 7.3 billion.
Under the proposal, Total E&P and Inpex Cooperation will hold a 35% share of the Mahakam Bloc with Pertamina to have a 30% share.
This scenario is significantly different to the current ongoing contract that will expire in 2017 under which Total E&P and Inpex Cooperation hold a 50% share of the Mahakam Bloc.
Jero Wacik, Minister of Energy and Mineral Resources, said that he has met with Jean-Marie Guilermou, Senior VP of Total E&P for the Asia Pacific Region to discuss the proposed plan.
“During the meeting, Total E&P expressed that they expect a decision on contract extension can be delivered this year,” said Jero after meeting with The Audit Board of the Republic of Indonesia (BPK) in Jakarta on Friday.
In respect to the reduction of share ownership from 50% to 35%, Jero said that Total E&P fully understand the desire of Indonesia to play a greater role in the Mahakam Bloc.
Besides theextension, Total E&P also requested thatthe transition of the management of the Mahakam Bloc to be over a five year period after the contract expires in 2017. During this phase, Total E&P will gradually shift operational management to Pertamina.
Responding to this issue, Marwan Batubara, Executive Director at Indonesia Resources Studies (IRESS) argued that the Government should take the necessary steps to prepare Pertamina to be involved in operations, before the current cooperation contract expires.
Marwan further expressed his the view that the Government should not be sidetracked by the request for amanagement transition period ofr five years.
“This transition should not be used as a trick to extend the contract,” Marwan said.
(hot/kc)
Kartini L Makmur, Robert Sidauruk
The Government is currently evaluating a proposal put forward by PT Total E&P Indonesie (Total E&P) to extend the cooperation contract for the Mahakam Bloc with aninvestment of USD 7.3 billion.
Under the proposal, Total E&P and Inpex Cooperation will hold a 35% share of the Mahakam Bloc with Pertamina to have a 30% share.
This scenario is significantly different to the current ongoing contract that will expire in 2017 under which Total E&P and Inpex Cooperation hold a 50% share of the Mahakam Bloc.
Jero Wacik, Minister of Energy and Mineral Resources, said that he has met with Jean-Marie Guilermou, Senior VP of Total E&P for the Asia Pacific Region to discuss the proposed plan.
“During the meeting, Total E&P expressed that they expect a decision on contract extension can be delivered this year,” said Jero after meeting with The Audit Board of the Republic of Indonesia (BPK) in Jakarta on Friday.
In respect to the reduction of share ownership from 50% to 35%, Jero said that Total E&P fully understand the desire of Indonesia to play a greater role in the Mahakam Bloc.
Besides theextension, Total E&P also requested thatthe transition of the management of the Mahakam Bloc to be over a five year period after the contract expires in 2017. During this phase, Total E&P will gradually shift operational management to Pertamina.
Responding to this issue, Marwan Batubara, Executive Director at Indonesia Resources Studies (IRESS) argued that the Government should take the necessary steps to prepare Pertamina to be involved in operations, before the current cooperation contract expires.
Marwan further expressed his the view that the Government should not be sidetracked by the request for amanagement transition period ofr five years.
“This transition should not be used as a trick to extend the contract,” Marwan said.
(hot/kc)