Production Optimization is a Priority

Efforts to optimize the production of the Rokan Block, which is now entering the transition phase, is a priority for PT Chevron Pacific Indonesia. 

PT Chevron Pasific Indonesia

   PT Chevron Pasific Indonesia Corporate Communication Manager Sonitha Poernomo said discussions related to the transition of the legendary block contractor were ongoing so that the process could be more perfect. 

Sonitha Poernomo

   According to her, the steering committee consisting of the heads of SKK Migas, PT CPI, and Pertamina, which had been formed since the beginning of last year, regularly discussed the transition process. However, he was reluctant to disclose in more detail what the discussion was,

"The Rokan Block is a national strategic asset, therefore optimal sustainable production is a priority. PT CPI continues to work closely with SKK Migas and Pertamina to discuss various options to optimize production and create a safe, reliable and smooth transition, "he said.

Director of Investment Planning and Management of RiSiko PT Pertamina (Persero) Heru Setiawan previously said that the company could not invest in the Rokan Block because the transition process had not yet been completed.

SKK Migas

"Still being discussed at SKK Migas. Still awaiting how the agreement should be tidied up. The discussion is still with Chevron, only now what is the stage, the revenue sharing obligations must be tidied up, "said Sonitha Poernomo.

Heru added that the company's main focus for the Rokan Block is to maintain a decline rate level at a good point. That is why Pertamina continues to strive so that the transition process can begin immediately.

"Our goal is to maintain the level of production," he said.

Previously, Head of the Special Task Force for Upstream Oil and Gas Business Activities, Dwi Soetjipto, said that until now the solution for the Rokan Block transition process continues to be sought. Dwi revealed, if later Pertamina could not invest in the Rokan Block, another scenario would be that Chevron would invest in the block.

Bisnis Indonesia, Page-24, Wednesday, March 4, 2020