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View all search resultsoil-and-gas-blocks
Business 7 years ago
Pertamina’s takeover of eight blocks may face further delays
State-owned oil and gas holding firm Pertamina might be unable to soon realize the takeover of eight expiring oil and gas blocks amid a prolonged disagreement with the government over the allocation of participating interests in each block.
Business 7 years ago
Pertamina required to invest $556.45m in eight blocks
The Energy and Mineral Resources Ministry is requiring state-owned energy giant Pertamina and its partners to pay a total of US$33.5 million in signature bonuses and make firm investment commitments worth $556.45 million within three years before taking over eight expiring oil and gas blocks this year.
Business 7 years ago
Fate of eight oil, gas blocks to be decided next week
Shortly after he took office, Djoko Siswanto -- the Energy and Mineral Resources Ministry’s new oil and gas director general -- pledged to sign the contract for the development of eight expiring oil and gas blocks next week, including the ones to be taken over by state-owned energy giant Pertamina.
Business 8 years ago
Extension given to Tuban, Ogan Komering block operators
The government has decided to offer a six-month extension to the current contractors of Tuban and Ogan Komering blocks, which were originally slated to see their contracts expire on Wednesday, as it is still waiting for state-owned energy giant Pertamina to submit new proposals to fully take over the two blocks.
