Pertamina Takes Over Sanga-Sanga Block from VICO

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Kamis, 1 Januari 1970 07:00 WIB

TEMPO.CO, Jakarta - Pertamina Hulu Sanga-Sanga (PHSS), the subsidiary of state oil firm Pertamina, is officially the new manager of Sanga-Sanga Oil and Gas Block.


PHSS took the job over from US-based oil company Virginia Indonesia Co. (VICO). The management hand-over was done after VICO’s Production Sharing Contract (PSC) term in the block ended yesterday, August 7.


SKK Migas chief Amien Sunaryadi said in a press release on Tuesday that VICO had completed all of its financial commitments to the Sanga-Sanga Block. To ensure the block’s operating continuity, the SKK Migas, PHSS and VICO had finalized the mirroring of Sanga-Sanga’s procurement contracts.


Sanga-Sanga Block has 7 fields which as per July this year had produced 10,735 barrels oil and 80.7 mmscfd gas.


Bisnis.com



Oil and gasPertamina

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