Government Provides 7 WK Contracts to Pertamina Affiliated Company
By : Hariyanto And Aldo Bella Putra | Sunday, April 22 2018 - 18:30 IWST

Menteri ESDM Ignasius Jonan (Rino/INDUSTRY.co.id)
INDUSTRY.co.id - Jakarta - Energy and Mineral Resources Minister Ignasius Jonan, some time ago gave the approval of 7 work area contracts from 8 working areas that ended his working contract in 2018.
Information received INDUSTRY.co.id, Sunday (22/4/2018) states; all contracts are given to the work area affiliated company PT Pertamina (Persero).
The seven contracts are, 6 Production Sharing Contracts of Manage Outsourcing which use the scheme of Gross Split sharing contract with Contractor as well as Operator is an affiliated company of PT. Pertamina (Persero) with Participating Interest 100% including Participating Interest 10% to be offered to BUMD.
The working area is Tuban Working Area, Working Area of Ogan Komering, Work Area of Sanga Sanga, North Sumatra Offshore Working Area, Southeast Sumatra Working Area and East Kalimantan & Attaka Work Area.
1 Amendment of Mahakam Revenue Sharing Contract (KKKS PT Pertamina Hulu Mahakam) is done partly because of the entry of the former Central Working Area into the Working Area of Mahakam after 4 October 2018.
The total signature bonus of 7 contracts is US $ 33.5 million or equivalent to Rp 448.9 billion. While the estimated total value of investment from the implementation of commitment activities must be the first three years is US $ 556.45 million or equivalent to Rp 7.45 trillion.
The government advised Pertamina that, with the signing of all these contracts, oil and gas production must be increased.
Read Also
JJ-LURGI Expands Global Footprint And Strengthens R&D
JJ-LURGI EXPANDS GLOBAL FOOTPRINT AND STRENGTHENS R&D
Sawit Sumbermas Collaborates with DTFAS on Business Sustainability…
Citra Borneo Utama Gives Priority to Sustainable Business for RSPO…
Creating Global Corporation, Sepalar Yasa Kartika Prioritizes Sustainability…
Today's Industry

Selasa, 17 Mei 2022 - 14:00 WIB
NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics
The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

Selasa, 17 Mei 2022 - 13:00 WIB
President Jokowi Invites US CEOs to Boost Cooperation with Indonesia
President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

Selasa, 17 Mei 2022 - 12:28 WIB
President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President
President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

Selasa, 17 Mei 2022 - 11:23 WIB
TPE unleashes benefits for pet accessories
The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Jumat, 13 Mei 2022 - 16:15 WIB
Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021
Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…
News Comment