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Jakarta Post

Watch and learn: Government lectures Pertamina on block operatorship

  • Stefanno Reinard Sulaiman
    Stefanno Reinard Sulaiman

    The Jakarta Post

Jakarta   /   Thu, August 8, 2019   /  08:30 am
The Jakarta Post Image
Illustration photo for an offshore oil rig in the Mahakam Block. (Tempo/SG Wibisono)

State energy giant Pertamina’s underperformance in managing the transition in the country’s lucrative oil and gas blocks has made the state take precautionary measures in the giant Corridor Block, onshore South Sumatra. The government has the extended production sharing contract (PSC) for US energy giant ConocoPhilips in the Corridor Block, Indonesia’s second-largest gas producing block with 827 million standard cubic feet per day (mmscfd) of gas lifting in the first half. The decision was made after the previous contract was handed over to Pertamina after it expired, the most infamous ones being the Mahakam Block from France’s Total Indonesie E&P and Rokan Block from the US’ Chevron, resulting in declining productivity of the blocks. The arrangement of the Corridor Block contract extention will make Pertamina take charge of operations after 202...