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tate-owned oil firm PT Pertamina is seeking an opportunity to operate in Oman and is currently in the middle of negotiations to purchase an oil and gas blocks in the country, the firm's CEO says.

Pertamina president director Karen Agustiawan made the comments on the sidelines of the 37th Indonesian Petroleum Association (IPA) convention in Jakarta on Thursday.

She did not, however, elaborate further.

"I do not want to reveal any details until we have signed the SPA [stock purchase agreement]," she said.

Pertamina, which is the second-largest crude oil producer in the country behind American giant Chevron, has been campaigning to buy producing oil and gas blocks overseas to boost its output.

Earlier this week, Pertamina raised US$3.25 billion through a US dollar-denominated bond sale as part of its strategy to finance a merger and acquisition plan.

Separately, Oman Oil and Gas Minister Mohammed Hamad Al Rumhy said that Pertamina would be able to obtain production stock in the form of oil deliveries rather than dividends, should its acquisition plan go as planned.(dic)