The government has decided to bear the investment of PT Chevron Pacific Indonesia (CPI) in the Rokan Block. This was done as an effort by the government to hold back production cuts before PT Pertamina (Persero) officially managed the block.
Deputy for Maritime Sovereignty and Energy Coordinating Ministry of Maritime Affairs and Investment Purbaya Yudhi Sadewa said that efforts to maintain the capacity of national oil and gas producers in the Rokan Block were very important.
the Rokan Block
Therefore, investment in drilling there must continue. On this basis, the government decided to bear the investment costs under the Rokan Block Production Sharing Contract (PSC) scheme. In this case, the party executing the drilling investment is the Cooperation Contract Contractor (KKKS). namely Chevron.
However, the investment value will be calculated in the cost recovery scheme. Therefore, the government will return the investment costs made by KKKS so our intention in that investment is that the government continues to contribute according to the PSC scheme, "Purbaya said.
As for now, Chevron and the Special Task Force for Pelalsana Upstream Oil and Gas Business Activities (SKK Migas) have conducted very intensive communication. The two parties will sign an agreement and adjustment document for the PSC, for which the current investment scheme in the transition to management of the Rokan Block will be included.
Fajriyah Usman
Pertamina Corporate Communication VP Fajriyah Usman said that the company targets to drill 44 wells in 2021 when the transfer of management of the Rokan Block occurs in August 2021.
Currently, Pertamina is conducting preparations for the drilling program, including the procurement of logistics, rigs, and crew to ensure that PT Pertamina Hulu Rokan (PHR) can immediately conduct drilling, as soon as the transfer transition process is completed in August 2021.
Kontan, Page-10, Saturday, July 11, 2020
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