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View all search resultsMoody's assistant vice president and analyst Rachel Chua has said the state-owned oil and gas holding company Pertamina’s plan to control Rokan Block, one of the country’s largest crude producing blocks, is a credit positive.
The Energy and Mineral Resources Ministry will hold discussions with US oil and gas company Chevron and state-owned energy company Pertamina on Thursday before the government appoints an operator for Rokan Block, the country's most productive oil and gas block, next Thursday.
State-owned energy giant Pertamina submitted on Wednesday its proposal to operate Rokan block, one of the country’s most productive oil blocks, sending a message to the existing operator, US oil and gas giant Chevron Corporation, that it is ready to compete.
Energy and Mineral Resources Ministry oil and gas Director General Djoko Siswanto has said PT Chevron Pacific Indonesia has proposed a higher split from the oil extracted in Rokan Block if the company gets a contract extension.
Coordinating Maritime Affairs Minister Luhut Pandjaitan says PT Chevron Pacific Indonesia (CPI), the local unit of the United States-based oil and gas giant Chevron Corp., has expressed interest in continuing its operation of the Rokan block in Riau, one of the most productive oil blocks in the country.
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