TEMPO.CO, Jakarta - State-owned gas and oil company PT. Pertamina is optimistic it can maintain Mahakam Block operation due to the fact that all technical and administrative preparations required to take over the oil and gas block have gone according to plan.
"Next year is a crucial year. With all the progress to this day, we are optimistic that Mahakam Block performance can be maintained," state oil and gas company Pertamina’s upstream director Syamsu Alam in Jakarta on Saturday (19/11).
Syamsu Alam expects Upstream Oil and Gas Regulatory Special Task Force (SKK Migas) issues a decree on cost operational guidelines for oil and gas operational activities in Mahakam work unit in the transition period of 2016-2017 as a follow up to the amendment of Ministrial Decree No. 15/2015.
He added that Pertamina through Mahakam Upstream Pertaminta Company and Total E&P has coordinated to create a work plan and budgeting (WP&B) 2017, especially relating to the drilling plan conducted by Total with a budget provided by Pertamina.
PSC amendment has provided a priviledge to Mahakam Upstream Pertamina to cover the cost of operational activities in Mahakam work unit before January 2018. Total E&P contract will end on December 31, 2017.
FAISAL YUNIANTO | ANTARA
