Government Provides 7 WK Contracts to Pertamina Affiliated Company

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.