Finished Contract, Tuban Block Manager Waits for Draft of Oil and Gas Law

By : Hariyanto And Aldo Bella Putra | Monday, December 18 2017 - 18:00 IWST

Migas Ilustrasi
Migas Ilustrasi - Bojonegoro - The termination of the Tuban Block operator's contract period in February 2018 is expected to use the new law as a replacement operator. Currently, Commission VII of the House of Representatives (DPR) is discussing the revision of Law No. 22/2001 on Oil and Gas (Oil and Gas).

"Currently, Commission VII of the House of Representatives (DPR) is currently reviewing the revision of the Oil and Gas Law to prevent the oil and gas block that has been extended twice is not immediately given to PT Pertamina," said Vice Chairman of Commission VII DPR RI, Satya Widya Yudha when in Bojonegoro, this week.

The revision of the new Oil and Gas Law is expected to facilitate the work of PT Pertamina. The reason is that in the old regulation, in accordance with the Minister of Energy and Mineral Resources, if the oil and gas block management contract has been extended for two times then the managed oil and gas blocks are returned to the government, in this case PT Pertamina.

"It is only now whether Pertamina wants to manage it or not, it is in accordance with the rules of the Candidate whose legal force is under the law," he explained.

Included in the new contract in Tuban Block which is currently managed by Joint Operating Body of Pertamina Petrochina East Java (JOB PPEJ). In the revision of the new Oil and Gas Law regulates that if Pertamina is unable to manage the block that has been exhausted its contract can be done with a tender system or auction.

"Consideration, if in the management of the block itself Pertamina not able to manage the block will be mubadzir," he explained.

Thus, continued Satya Yudha, in the new law, the Commission VII of the House of Representatives wants to have a new mechanism that the block is tendered but the first ride remains on Pertamina. "The advantage of this block will be managed by operators or companies that really want to manage," he concluded. (bj)

News Comment

Today's Industry

 AICPA and CIMA (the Association)

Jumat, 07 Oktober 2022 - 16:55 WIB

AICPA & CIMA executives urge Indonesian accounting and finance professionals to seize the opportunity presented by the environmental societal and governance agenda

The leaders of the world’s largest body of accountants and finance professionals, AICPA & CIMA, urged the accounting and finance community in Indonesia to take the lead in guiding businesses…

Asahi Kasei Europe GmbH

Kamis, 06 Oktober 2022 - 21:26 WIB

Mercury-free UVC disinfection – Asahi Kasei demonstrates how Crystal IS UVC LED technology can be applied to achieve higher disinfection efficiency in water treat- ment than conventional mercury lamp

Asahi Kasei, a diversified Japanese multinational company, and subsidiary Crystal IS have concluded in a bacterial perfor- mance test, an experimental Klaran™ WR water treatment reactor demonstrated…

PT Buyung Poetra Sembada Tbk (“HOKI”)

Kamis, 06 Oktober 2022 - 20:00 WIB

HOKI Targets to Open 80 WarungKoki Outlets by the End of this Year

PT Buyung Poetra Sembada Tbk (“HOKI”), an issuer of quality rice producers under the “Topi Koki” and “HOKI” brands, targets the growth of WarungKoki outlets by 80 outlets by the…

(Photo: © 2022 KRAIBURG TPE)

Kamis, 06 Oktober 2022 - 18:12 WIB

TPEs shine in lipstick packaging

KRAIBURG TPE, a global TPE manufacturer of thermoplastic elastomer products and custom-engineered materials solutions, offer the THERMOLAST® K FC/LF and FC/AD/PP series of compounds for lipstick…

Deputy Minister of Culture, Sports and Tourism, Mr. Doan Van Viet

Kamis, 06 Oktober 2022 - 17:30 WIB

Deputy Minister Outlines Viet Nam’s Tourism Priorities

Ahead of the Mekong Tourism Forum in Quang Nam, Central Viet Nam, 12-13 October, Mr Doan Van Viet, Viet Nam’s Deputy Minister of Culture, Sports and Tourism, outlines the vision and latest…