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BP Migas recommends Chevron contract extension in East Ambalat
Alfian , The Jakarta Post , Jakarta | Mon, 06/01/2009 3:01 PM | Business
Amid the ongoing border dispute with Malaysia, Indonesia's upstream oil and gas regulator BP Migas is recommending an extension of Chevron's contract in the East Ambalat oil block."The contract extension is actually under the authority of the government. But, BP Migas will recommend the government extend the contract in the East Ambalat block because the area is very strategic for our country," BP Migas' chairman R. Priyono told reporters Monday.
Indonesia awarded the exploration rights in the East Ambalat block to the US oil giant, Chevron Corp. The contract will expire in 2010.
Both Malaysia and Indonesia claim to have rights over the East Ambalat block.
The two countries are also in dispute over the Ambalat block, exploration rights for which Indonesia has given to Italy's Eni SpA.
Both Chevron and Eni are now conducting seismic surveys in the two blocks.
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David K. — Mon, 06/01/2009 - 3:26pm
Malaysians, beyond thier need to steal our heritage and call it thier own, destroy our land for thier palm oil fields, and treat our people lower then cockroaches have for a long time tried to take Indonesian land and territory.
Allowing them to get any pieces of land or a centimeter of territory is a direct insult to the Indonesian people, it just so happens that the Ambalat area has some economic significance with precence of oil, but that is besides the point. Allowing countries such as Malaysia and Singapore to trod on our pride by slowly eating up our heritage should not be tolerated. There should be economical sanctions backed by strong military backing to protect the borders placed on these countries, returning thier fear of Indonesia as thier needs from Indonesia far outweigh the needs of Indonesia for them.
Whatever you may think, that is the truth, as the economic foundation of Malaysia is founded on the Indonesian laborers, as well as Singapores financial success on Indonesian exports and funds (ill gotten running there or legit funds).