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Mahakam-block

Pertamina begins construction of three oil, gas rigs atop Mahakam Block
Business 5 years ago

Pertamina begins construction of three oil, gas rigs atop Mahakam Block

The rigs are expected to begin operation in late 2021 and produce up to 120 million metric standard cubic feet per day (mmscfd).
Pertamina opens up new oil and gas well despite weak oil prices
Business 5 years ago

Pertamina opens up new oil and gas well despite weak oil prices

A subsidiary of state-owned oil company Pertamina has begun drilling for fresh offshore oil and gas reserves in Kalimantan even as global crude oil prices hit record lows.
Energy Ministry picks DMO option to lower industrial gas prices
Business 6 years ago

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Energy Ministry picks DMO option to lower industrial gas prices

President Jokowi issued a regulation in 2016 that pledged to lower gas prices to $6 per MMBtu. The pledge was meant to boost the growth of seven gas-reliant industrial sectors namely electricity production, chemicals, food, ceramics, steel, fertilizers and glass manufacturing, which collectively consume about 80 percent of Indonesia’s gas supply.
Pertamina to allocate almost $8 billion for capex in 2020
Business 6 years ago

Pertamina to allocate almost $8 billion for capex in 2020

Most of the allocated money is to go into the Mahakam Block.
Pertamina books $753 million net profits in Q3
Business 6 years ago

Pertamina books $753 million net profits in Q3

State-owned energy company Pertamina booked US$753 million in net profits during the January-Sept period this year.
Elnusa teams up with Dowell to conduct cementing works at Mahakam block
Business 6 years ago

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Elnusa teams up with Dowell to conduct cementing works at Mahakam block

The cementing project carried by Elnusa and its partner Dowell Anadrill Schlumberger is intended to increase production in new wells
Pertamina uses new technologies to cut production costs at Mahakam block
Business 6 years ago

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Pertamina uses new technologies to cut production costs at Mahakam block

The new technologies can reduce exploration and production costs by up to 40 percent for onshore wells and 50 percent for offshore wells.
Recent energy deals signal postelection 'pragmatism play’
Business 6 years ago

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Recent energy deals signal postelection 'pragmatism play’

Recent major oil and gas deals signify the government’s shift to pragmatism following a string of decisions based on strong resource nationalism made to woo voters, a global think tank has concluded.
Pertamina under fire as production always below target 
Business 6 years ago

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Pertamina under fire as production always below target 

State-owned energy holding company Pertamina has been failing to meet its daily oil and gas production targets since last year, which in the long run would affect total state revenues from the energy sector.
Unclear transition policy undermines Rokan block production
Business 6 years ago

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Unclear transition policy undermines Rokan block production

The government may repeat the mistake it made that caused production in the Mahakam gas block to decline last year, if it does not develop a clear policy on the operation of the Rokan oil and gas block.
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