Indonesia's Pertamina Eyes 'At Least' 10% Stake in Inpex Gas Block
JAKARTA, Feb 1 (Reuters) – Indonesia's Pertamina, has told the government it wants a stake of "at least" 10 percent in the Masela oil and gas block now being operated by Japan's Inpex, the chief executive of the state energy company said on Monday.
Earlier, Pertamina said it was interested in acquiring a stake in the Abadi floating liquefied natural gas (FLNG) project now being developed by Inpex and Royal Dutch Shell PLC in the Masela block.
"We have asked Inpex, but Inpex's response was they won't release their shares," Pertamina Chief Executive Dwi Soetjipto told reporters. "Maybe we'll see (again) during their contract extension talks. Maybe we can get it then."
The Masela block is situated near Indonesia's border with northern Australia. Inpex is looking for a 20-year extension to operate Masela until 2048, from the current expiry date of 2028.
(Reporting by Wilda Asmarini; Writing by Fergus Jensen; Editing by Clarence Fernandez)
WHAT DO YOU THINK?
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.
- ExxonMobil Says Will Drop Discussions Over Indonesia's East Natuna (Jul 18)
- Saudi Aramco Reaffirms Commitment to Pertamina JV as CEOs Meet (Jul 07)
- Indonesia's Pertamina To Delay Some Refinery Projects Over Financing (Jun 06)
Company: Inpex more info
Operates 1 Offshore Rigs
- Statement: Indonesia To Extend Inpex's Masela LNG Contract By 27 Years (Oct 19)
- Ichthys LNG Subsea Contract Goes to Wood Group (Sep 06)
- Australia's $180B LNG Megaproject Boom Enters Final Stretch (Aug 14)