Instead of immediately deciding the fate of the oil and gas block that will be out of contract alias termination, the Ministry of Energy and Mineral Resources is currently considering the extension of the Mahakam Block as a reference for other blocks. ESDM is making the study.
The government has decided not to renew the Total EP Indonesie and lnpex Corporation contracts for the Mahakam Block after the two operators have enjoyed two 50-year contract extensions. The government then handed over the management of the Mahakam Block to PT Pertamina.
The government is also considering the technology that will be used by KKKS in the blocks to be terminated. For example, we want EOR (enhanced oil recovery) and funding, which obviously we want patterns like Mahakam, if this works, we will implement it, said Deputy Minister of Energy and Mineral Resources Arcandra Tahar.
A number of Cooperation Contract Contractors who will invest in a number of termination blocks in 2018 have proposed an extension. Several oil and gas blocks that will be out of contract in 2018, such as the Tuban Block, Ogan Komering Block, Block B, NSO / NSO EXT Block, Attaka Block, Sanga-Sanga Block, Sumatra Southest Block, and Central Block.
Kontan, Page-14, Friday, Oct 28, 2016
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