Ada Pertanyaan? Hubungi Kami 
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Ada Pertanyaan? Hubungi Kami Marcell Sihombing, Kartini L. Makmur
The production sharing contract (PSC) of Mahakam block will expire soon. Total E&P, as the current operator of the block, has requested a renewal of the contract, which will expire on 31 December 2017. The government, on the other hand, wants Pertamina to manage the block, which is has large oil and gas reserves.The intention to make Pertamina the operator of the Mahakam Block has been affirmed by the government under Minister of Energy and Mineral Resources (ESDM) Regulation No. 15 of 2015. Pursuant to the Regulation, Pertamina will immediately manage Mahakam Block after the current contract with Total E&P expires. If this plan proceeds, Pertamina will have the right to invite other parties for ‘participating interests’.
After lengthy negotiations between the related parties, an agreement was finally concluded earlier this month. Sudirman Said, Minister of ESDM, revealed that 70 percent ownership of Mahakam block will be managed by Pertamina. Meanwhile, Total E&P Indonesia and Inpex Corp. will manage the remaining portion together.
“The Ministry of ESDM intends to conclude all preparations for the management transfer before the end of 2015. Therefore, the Ministry will be facilitating a discussion between Pertamina and other state-owned enterprises regarding the allocation of participating interests,” Minister Said announced in a press conference last Friday.
Minister Said also plans to visit the Regional Forum of Oil and Gas Producer, where he can meet the governor of East Kalimantan for a follow-up. His visit is to explain and discuss the necessary steps for all stakeholders regarding participation interests in Mahakam block.
Commenting on the issue, Rini Soemarno, Minister of State-Owned Enterprises, believes that Pertamina has the proper capabilities to manage the Mahakam block. Minister Soemarno also appreciates the efforts of Total E&P and Inpex who are currently managing the block. She firmly believes that the Government has taken the best option that will be beneficial for all relevant parties.
As a suggestion, Minister Soemarno said that Pertamina should develop a cooperative relationship with Total E&P, which will help Pertamina to become a great oil and gas company alongside Total E&P and Inpex. Pertamina will gain important knowledge about the management of oil and gas blocks from these companies.
(hot/kc)
Marcell Sihombing, Kartini L. Makmur
The production sharing contract (PSC) of Mahakam block will expire soon. Total E&P, as the current operator of the block, has requested a renewal of the contract, which will expire on 31 December 2017. The government, on the other hand, wants Pertamina to manage the block, which is has large oil and gas reserves.The intention to make Pertamina the operator of the Mahakam Block has been affirmed by the government under Minister of Energy and Mineral Resources (ESDM) Regulation No. 15 of 2015. Pursuant to the Regulation, Pertamina will immediately manage Mahakam Block after the current contract with Total E&P expires. If this plan proceeds, Pertamina will have the right to invite other parties for ‘participating interests’.
After lengthy negotiations between the related parties, an agreement was finally concluded earlier this month. Sudirman Said, Minister of ESDM, revealed that 70 percent ownership of Mahakam block will be managed by Pertamina. Meanwhile, Total E&P Indonesia and Inpex Corp. will manage the remaining portion together.
“The Ministry of ESDM intends to conclude all preparations for the management transfer before the end of 2015. Therefore, the Ministry will be facilitating a discussion between Pertamina and other state-owned enterprises regarding the allocation of participating interests,” Minister Said announced in a press conference last Friday.
Minister Said also plans to visit the Regional Forum of Oil and Gas Producer, where he can meet the governor of East Kalimantan for a follow-up. His visit is to explain and discuss the necessary steps for all stakeholders regarding participation interests in Mahakam block.
Commenting on the issue, Rini Soemarno, Minister of State-Owned Enterprises, believes that Pertamina has the proper capabilities to manage the Mahakam block. Minister Soemarno also appreciates the efforts of Total E&P and Inpex who are currently managing the block. She firmly believes that the Government has taken the best option that will be beneficial for all relevant parties.
As a suggestion, Minister Soemarno said that Pertamina should develop a cooperative relationship with Total E&P, which will help Pertamina to become a great oil and gas company alongside Total E&P and Inpex. Pertamina will gain important knowledge about the management of oil and gas blocks from these companies.
(hot/kc)