Pertamina May Take 15% of E&P Contracts Signed in 2008
New Indonesian exploration contracts signed in 2008 will be different from previous contracts in the country. Oil and Gas Director Lukuk Sumiarso announced that the state-owned oil and gas company Pertamina will be able to claim a 15% share in all oil and gas blocks.
According to the newly enacted special rights, after a company or JV has been announced as the winner of an exploration block, Pertamina will be given up to 14 days to claim its 15% share or not.
The director added that the company will pay for the share in the exploration block.
We want to hear from you. Questions, opinions and suggestions are all welcomed by the Rigzone Staff. Write us at firstname.lastname@example.org .
- 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)