Wednesday, 3 July 2013

HOUSE BELIEVE PERTAMINA CAPABLE OF TAPPING THE MAHAKAM BLOCK



Deputy Chairman of House Pramono Anung rated that Pertamina had the capability to manage big oil resource Block like the Mahakam Block. He was optimistic Pertamina could be the operator of big blocks. Admittedly once there was block run by Pertamina which slumped in production output, but now it was expected such would not happen again.
               
Previously Member of Commission VI of House Dewi Aryani proposed that the Block Mahakam East Kalimantan be jointly managed by PT Pertamina [ Persero } and Total EP Indonesia. This joint management would last for 5-10years run by joint operation first before continued by Pertamina. During transition time there would be transfer fo technology and management from Total to Indonesia so the state owned company would have much input from Total.
               
Member of Commission VII of House said he was sure PT Pertamina would be able to manage the Mahakam Block in East Kalimantan although today the Mahakam Block was still run by Total E&P from France and Inpex from Japan.
               
They were optimistic Pertamina would be able to manage although in the technical execution it was still necessary to be engaged with foreign partners with high command of technology. Whatever the amount of shares in possession, the important thing was that the Mahakam Block could be managed with out reducing the production output.(SS)


Business News - March 06,2013

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