Related Articles
Forward article link
Share PDF with colleagues

Pertamina to take control of Mahakam once contract expires

Total and Inpex currently have a production sharing contract which will expire in 2017

Indonesia’s national oil company (NOC) Pertamina will officially take control of Mahakam, the country’s biggest oil and gas block, when French major Total and Japan’s Inpex see their production sharing contract (PSC) expire at the end of 2017.  Energy minister Sudirman Said officially announced that Pertamina and local governments would have a 70% stake in the new contract, which will take effect in January 2018. Total and Inpex will have the remaining 30%. The division of the 30% interest between Total and Inpex is still being discussed, he added. The appointment of the NOC as the operator of Mahakam illustrates Indonesia’s aspiration to take a firmer grip on the nation’s natural resource

Also in this section
Rosneft: scaling the heights of power
19 April 2017
High-wire deal-making has become the hallmark of Russia's national oil champion. But are expansion plans risking too much?
Tatneft edges towards the precipice
5 April 2017
The company's finances are under severe strain, as its resources are drained off to prop up an ailing local economy
China's oil loans run into trouble
5 April 2017
China extended much credit to secure oil supplies. Now it needs borrowers to start repaying