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Jakarta Post

ConocoPhillips, Pertamina, Repsol eye mega gas block Corridor

  • Stefanno Reinard Sulaiman

    The Jakarta Post

Jakarta   /   Thu, December 13 2018   /  02:50 am

Three energy giants, namely the current operator United States-based energy firm ConocoPhillips Indonesia (COPI), state energy holding company Pertamina and Spanish energy company Repsol, are eyeing the operations of South Sumatra’s Corridor Block, the contract of which is set to expire in 2023.The block’s new contract will see the cost recovery scheme converted to the gross split scheme.Newly appointed chairman of the Upstream Oil and Gas Regulatory Special Task Force (SKKMigas), Dwi Soetjipto, said on Tuesday that his team was evaluating the proposals and would come up with a final decision next week. “Three energy firms have shown big interest [in the Corridor Block] and hopefully next week we will have the decision,” he said. The Corridor Block is one of the three blocks with contracts that the government has vowed to finalize before year-end, said Deputy Energy and Mineral R...