English Version
ENGLISH
| Wednesday, 24 January 2018 |
Indonesia Version
INDONESIA
Facebook
Twitter


Tuesday, 23 January 2018 | 22:04
BMKG: Coastal Areas Potential to Flooding During Supermoon BMKG calls on residents living in coastal areas to stay alert
for 1.4-meter ocean tides during the upcoming supermoon on
January 31.
Tuesday, 23 January 2018 | 21:44
Trump Peace Plan Depends on Palestinians, VP Pence Says The U.S. VP Mike Pence said the timing of a long-awaited U.S.
Middle East peace initiative depended on the return of
Palestinian to negotiations.
Pertamina to Manage ONWJ Oil and Gas Block
Pertamina Upstream Energi's (PHE) Offshore North West Java (ONWJ) block. ANTARA/Fanny Octavianus
Monday, 28 November, 2016 | 07:54 WIB
Pertamina to Manage ONWJ Oil and Gas Block

TEMPO.CO, Jakarta - Energy observer asserted that state-owned oil and gas company PT Pertamina has the ability to manage oil fields that will soon be relieved off of private contractors hands', including the Offshore North West Java (ONWJ) oil and gas block, by cooperating with regional-owned enterprises.

"About [oil and gas block] management, I think it can be flexible. If the funds are enough, it would be better [for Pertamina] to manage the block by them self. But there's nothing wrong with to open possibilities to cooperate with other parties," said Komaidi Notonegoro, energy observer from ReformMiner Institute on Sunday, November 27, 2016.

Komaidi said that Pertamina is currently gaining trust to manage oil and gas blocks, specifically on blocks which contract has expired.

Ibrahim Hasyim, Chairman of the Oil and Gas Alumni said that there are a number of oil and gas field contracts that will soon expire which will be managed by state-owned companies and regional-owned companies. Later on, Pertamina will decide whether to manage the blocks alone or through cooperation with other business entities.

"There's no need to doubt Pertamina's [ability] because the company has continued to display increasing production," Ibrahim said.

The Indonesian Government will officially hand over ONWJ block management to Pertamina starting on January 19, 2017. However, the Government will also provide a 10 percent ownership rights for Migas Hulu Jabar, a regional-owned company in West Java.

ANTARA



via Facebookvia TEMPO ID

Comments


Disclaimer: The views expressed in the comments sections are personal responses that do not represent the editorial policy of tempo.co. Our editorial staff reserves the right to moderate or take down comments that contain harassment, intimidation and discrimination against ethnicity, religion, race, and inter-group relations.