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Jakarta Post

Pertamina seeks to develop onshore blocks in Iran

  • Fedina S. Sundaryani

    The Jakarta Post

Jakarta   /   Wed, August 10 2016   /  09:32 am

Oil and gas giant Pertamina is looking to Iran to boost production to support Indonesia’s increasingly high oil consumption.

On Monday, Pertamina signed a memorandum of understanding (MoU) with the National Iranian Oil Co. (NIOC) in Tehran, Iran, which allows the former to conduct a six-month study on two of Iran’s oil fields.

The two fields consist of the Ab-Teymour and the Mansouri fields, the latter of which consists of Asmari and Bangestan reservoirs. The two oil fields have a current production rate of 74,500 barrels of oil per day (bopd) and reserves of over 5 million barrels of oil.

After the six-month study of NIOC’s data on the two fields is over, Pertamina will be obliged to submit a preliminary proposal on how to develop the two onshore fields.

“Iran is one of Pertamina’s priorities. We are serious about investing in its upstream sector ...