New Kid on the Block
The government must push for Pertamina to become the manager of the Mahakam Block. Watch out for underfunded investors piggy-backing on regional companies.
November 17, 2010
THE plan by Energy & Mineral Resources Minister, Darwin Saleh to have Pertamina manage the Mahakam Block must be done immediately. Government Regulation 35/2004 on Upstream Oil & Gas Business Activities explicitly states that Pertamina is able to take over operational working areas that have come to the end of their contract period.
The contract for the Mahakam Block, which is currently managed by Total Indonesie, ends in 2017. This Franco-Japane
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