Wednesday, 16 January 2019

Pertamina to Operate Maratua Block Investing US$7.75 Million

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Editor:

Petir Garda Bhwana

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  • TEMPO.CO, Jakarta - PT Pertamina will operate the Maratua block under the Gross Split scheme for which the state-owned oil and gas company has set aside US$7.75 for investment and signature bonus.

    Upstream Director of Pertamina Dharmawan H Samsu said in a written statement on Saturday the Maratua Block in North Kalimantan has good potential for development.

    He said the management of Pertamina welcomed the decision of the government to hand over the operation of the oil and gas block to the company through direct offering on December 27, 2018.

    The Maratua block is located in area in both onshore and offshore North and East Kalimantan.

    ANTARA