Indonesia's Pertamina Proposes to Take over Sanga-Sanga Oil Block

Reuters

JAKARTA, May 29 (Reuters) - Indonesia's state oil and gas company Pertamina has put forward a proposal for it to take over the Sanga-Sanga oil block, Wiratmaja Puja, director general oil and gas at Indonesia's Energy Ministry, told reporters on Friday.

The block currently produces 16,733 barrel oil per day and is operated by VICO Indonesia, whose contract is due to expire in 2018. Among the block's shareholders are BP East Kalimantan, controlling 26.25 percent, and Virginia International Co, controlling 15.6 percent.

(Reporting by Wilda Asmarini; Writing by Fransiska Nangoy; Editing by Richard Pullin)

Copyright 2017 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Director of Business Development - Houston, TX
Expertise: Business Development|Sales
Location: Houston
 
Legal Counsel Upstream - Deep Water (Houston, TX or New Orleans, LA)
Expertise: Legal
Location: Houston, TX
 
Regional Sales Engineer
Expertise: Business Development|Sales
Location: Kansas City, MO
 
search for more jobs

Brent Crude Oil : $51.49/BBL 1.02%
Light Crude Oil : $49.04/BBL 0.59%
Natural Gas : $2.97/MMBtu 1.71%
Updated in last 24 hours