Weekly Business

MAHAKAM BLOCK
Total Hits the Brakes on Mahakam

French oil and gas company Total E&P has postponed further development of the Mahakam Block in East Kalimantan pending a decision by the government on whether to extend the company's contract, which expires in 2017. "Projects on hold include Tunu Phase 13E dan Peciko Phase 9," Total E&P spokesman Kristanto Hartadi said on Tuesday last week.

Kristanto said it would take three or four years to comple

Subscribe to continue reading.
We craft news with stories.

For the benefits of subscribing to Digital Tempo, See More

The Best Choice

Rp 54.945/Month

Active for 12 Months, Rp 659.340

• *You Save -Rp 102.000
• *Guaranteed update of up to 52 Editions of Tempo Magazine

Subscribe

Rp 64.380/Month

Active Every Month Cancel Anytime

• *Free for the first month if using a Credit Card

Subscribe

See Other Packages

Already a Subscribed? Log in here
To receive daily news by Email, Sign up for Tempo ID.