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

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