PT Pertamina Company News

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Pertamina Invites Socar, JX Nippon To Partner On Balikpapan Upgrade
Wednesday, August 01, 2018 Pertamina has approached Socar and Japan's JX Nippon Oil & Energy Corp for possible partnerships to upgrade Indonesia's Balikpapan oil refinery.

Indonesia Compensates Pertamina with Oil Block Handover
Friday, April 20, 2018 Pertamina has signed deals to take over rights to eight expiring oil field blocks previously held by firms including Chevron, CNOOC and Inpex, Indonesian energy ministry officials said.

Indonesia State firm Says Oil Spill Due To Cracked Underwater Pipeline
Wednesday, April 04, 2018 Pertamina says a cracked underwater pipeline was the cause of an oil spill.

Indonesia To Offer Investors A Simplified Tax-Holiday Program
Friday, March 30, 2018 Indonesia will unveil a simplified scheme for tax holidays next week and Pertamina should be among the first to benefit, government officials says.

Pertamina's Upstream Arm Produces 15% More Oil, Gas Than Planned
Monday, September 19, 2016 Indonesia's Pertamina foreign upstream arm produces 15% more oil and gas than planned in the January-August period to about 120,600 boepd.

Andalas Joins Pertamina in Commercializing Marginal Gas Fields in Indonesia
Friday, September 02, 2016 Andalas Energy and Power and PT Pertamina sign agreement to fast-track commercialization of the latter's marginal gas fields in Indonesia.

Indonesia Encourages More Exploration, Development Activities in its Waters
Wednesday, August 31, 2016 Indonesia plans to boost oil and gas activities in its waters, inviting Malaysia to join Pertamina in exploration work, while seeking to speed up development of the East Natuna block.

Pavilion Energy, Pertamina Ink MOU to Develop Small Scale LNG Solutions
Friday, August 26, 2016 Singapore's Pavilion Energy and Indonesia's Pertamina ink a memorandum of understanding to develop small scale liquefied natural gas (LNG) solutions in the region.

CEO: Indonesia's Pertamina To Invest $1.5B In Mahakam In 2017
Tuesday, August 23, 2016 Indonesia's Pertamina plans to invest around $1.5 billion in the Mahakam gas block in 2017, the chief executive of the state-owned energy company says.

Pertamina Approves Andalas' TOE Proof of Concept Work Program in Sumatra
Thursday, August 11, 2016 Indonesia's PT Pertamina approves the Tuba Obi East (TOE) proof of concept work program in South Sumatra submitted by Andalas Energy and Power.

Indonesia's Pertamina Eyes 2 Iran Oilfields For Possible Investment
Monday, August 08, 2016 Indonesia's state-owned Pertamina signs a memorandum of understanding to conduct preliminary studies on two Iranian oilfields, a step closer to the company's first investment in the Middle Eastern country's upstream sector.

Indonesia's Pertamina Takes 24.53% Stake in France's Maurel & Prom
Wednesday, August 03, 2016 Indonesia's Pertamina acquires France's Maurel & Prom as part of a strategy to enhance its global upstream presence.

Pertamina Plans an Evaluation of Indonesia's East Natuna Block Soon
Wednesday, July 13, 2016 Pertamina plans to conduct an evaluation of the East Natuna Block in the Riau Province offshore Indonesia soon.

Indonesia, Iran to Sign MOU Soon for Development of Iranian Oil, Gas Blocks
Monday, July 04, 2016 Indonesia and Iran intend to sign a memorandum of understanding shortly for the former to assist in the development of Iranian oil and gas blocks.

Indonesia's Pertamina To Sign First Upstream Deal With Iran
Monday, June 27, 2016 Indonesia's state energy company Pertamina will sign a deal to purchase a stake in an oil and gas block in Iran within a week, an official at Indonesia's energy ministry says.

GSS Secures Rights to Old Wells in Tembrul Area in Central Java
Wednesday, June 01, 2016 GSS secures rights to all old oil wells in the Trembul area in central Java, Indonesia.

Indonesia Awards North Kalimantan's Offshore East Ambalat PSC to Pertamina
Friday, May 27, 2016 Indonesia awards the production sharing contract for North Kalimantan's offshore East Ambalat block that was relinquished earlier by Chevron to state-owned PT Pertamina.

Exxon Says Crude Output At Indonesia's Cepu Block Could Reach 200,000 Bpd
Wednesday, May 25, 2016 Crude oil output from Exxon Mobil's Cepu block in Indonesia could reach 200,000 barrels per day (bpd), up from 185,000 bpd at present, if the government approves an increase, a company spokesman says.

Woodside to Supply LNG to Pertamina for 15-20 Years
Wednesday, April 13, 2016 Woodside signs agreement to supply up to 1 million tons per annum of liquefied natural gas per year to Pertamina for a period of 15 to 20 years.

Indonesia's Pertamina Plans To Develop South China Sea Border Areas
Tuesday, April 12, 2016 Pertamina plans to explore for oil and gas in areas close to Indonesia's maritime border in the South China Sea.

Indonesia Not Decided on Abadi Dev. Scheme Despite Minister's Claim
Wednesday, February 24, 2016 Indonesia has yet to decide on the development scheme for the Abadi project in the Arafura Sea despite a claim by a minister that President Joko Widodo has opted for the onshore proposal.

Indonesia's Pertamina Opens New University in Jakarta
Monday, February 15, 2016 Indonesia's Pertamina opens its own university in Jakarta offering undergraduate programs including exploration technology.

Total, Pertamina Sign Long-Term LNG Supply Agreements
Tuesday, February 02, 2016 France's Total and Indonesia's Pertamina sign long-term sale and purchase agreements for the supply of liquefied natural gas beginning 2020.

Indonesia's Pertamina Targets 30% Cut To 2016 Upstream Operating Expenses
Monday, February 01, 2016 Indonesia's Pertamina has reduced its 2016 upstream operating expense target by 30 percent because of declining crude prices, the state-owned energy company's upstream director, Syamsu Alam, says.

Pertamina Hulu Energi's Subsidiary Allocates $565M for Investment in 2016
Thursday, January 14, 2016 Indonesia's PT Pertamina Hulu Energi unit allocates $565 million for investments, including $168 million in capital expenditure, for 2016, a local media says.

Indonesia's Pertamina invests $2.14B in Upstream Assets in Jan-Oct
Tuesday, November 24, 2015 Pertamina invested $2.14 billion in upstream assets from January to October this year, CEO Dwi Soetjipto says, with total CAPEX reaching $2.89 billion as of last month.

Indonesia to Process More of its Oil as Southeast Asian Supplies Fall
Thursday, November 05, 2015 Indonesia's Pertamina plans to process more domestic crude oil in a bid to limit the impact on the country of declining production, a plight that is also affecting oil-rich neighbors Malaysia and Brunei.

Indonesia Invites Bids for 3 Non-Conventional Blocks in Java, Kalimantan
Wednesday, November 04, 2015 Indonesia invites bids for three non-conventional oil and gas blocks in Java and Kalimantan.

Indonesia's Saka Energi Seeks $500M in Bank Loans to Fund 2016 Growth Plan
Tuesday, October 13, 2015 PT Saka Energi seeks $500 million in bank loans by end of this year to fund its 2016 upstream expansion plans.

East Kalimantan Govt Formally Takes a 10% Stake in Offshore Mahakam Block
Wednesday, October 07, 2015 Indonesia formally hands over a 10 percent stake in the offshore Mahakam Block to East Kalimantan Governor, with the interest to take effect in January 2018.

Pertamina Finalizing Plans to Acquire Blocks B, NSO in Indonesia
Monday, September 21, 2015 Pertamina is finalizing plans to acquire ExxonMobil's Blocks B and North Sumatra Offshore in Indonesia.

Pertamina's January-July 2015 Oil, Gas Production Up 9.8% to 571,000 Boepd
Friday, September 04, 2015 Indonesia's Pertamina reports a 9.8 percent rise in oil and gas production in the first seven months of this year to 571,000 barrels of oil equivalent per day.

SKK Migas Approves Tiung Biru, Jambaran Field Development Plan in Java
Wednesday, August 19, 2015 Indonesia's upstream regulator SKK Migas approves a revised development plan for the Tiung Biru and Jambaran fields in Java.

East Java's Banyu Urip Oil Field Resumes Production After Labor Unrest
Thursday, August 06, 2015 Indonesia's Banyu Urip oil field in East Java's Cepu block resumes normal production following labor unrest late last week, according to an official with the country's upstream oil and gas regulator.

Indonesia's Pertamina Crude Oil Output Up 8% in 1H 2015
Wednesday, August 05, 2015 Indonesia's Pertamina recorded an 8 percent increase in crude production to 274,040 barrels per day (bpd) in the first half of 2015, the company says, compared to 253,740 bpd in the first half of last year.

PT Donggi Senoro LNG Ships First LNG Cargo to Arun Terminal in Sumatra
Monday, August 03, 2015 Indonesia's PT Donggi Senoro LNG ships its first liquefied natural gas cargo from Sulawesi, Indonesia to Arun LNG terminal in north Sumatra.

Saka Energi to Achieve Full Gas Production in South Sesulu Block in 2019
Thursday, July 09, 2015 Indonesia's Saka Energi Indonesia is expected to achieve full production at the South Sesulu block off East Kalimantan in 2019, according to a local official.

Indonesia's Pertamina May Acquire 60% of Engineering Firm Rekind
Thursday, July 02, 2015 Indonesian state energy firm Pertamina is considering acquiring a 60 percent stake in engineering contractor Rekayasa Industri (Rekind), among efforts to improve its engineering resources.

Inpex Says No Talks Held on Pertamina's Interest in Masela Block
Thursday, June 11, 2015 Inpex is not in discussions with Pertamina regarding the latter's interest in acquiring a stake in the Masela Block, offshore eastern Indonesia.

Official: Pertamina Interested in Stake in Inpex Abadi FLNG Project
Wednesday, June 10, 2015 Pertamina is interested in acquiring a stake in the Abadi floating liquefied natural gas project currently being developed by Inpex and Shell, an energy ministry official says.

Indonesia Courts Iran Over Oil Supply Amid Talks to Rejoin OPEC
Friday, June 05, 2015 Indonesia is seeking a long-term crude oil supply deal with Iran if trade sanctions against the Persian Gulf nation are lifted, as it talks to OPEC on rejoining the group.

Indonesia's Pertamina Proposes to Take over Sanga-Sanga Oil Block
Friday, May 29, 2015 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, tells reporters.

Indonesia Plans to Offer More Oil, Gas Blocks for Bidding This Year
Monday, May 25, 2015 Indonesia plans to offer more oil and gas blocks for bidding in a new round planned later this year, according to a local daily.

Pertamina Can Opt for Up to 15% Stake in Expiring PSCs in Indonesia
Wednesday, May 20, 2015 Pertamina can opt to acquire up to 15 percent stake in expiring production sharing contracts in Indonesia under new regulation, a local daily says.

Pertamina Says to Halt Operations at Oil Trading Arm Petral
Wednesday, May 13, 2015 Indonesian state-owned energy firm Pertamina will disband its oil trading arm, Petral, its chief executive says, in keeping with government efforts to clean up the country's graft-tainted oil sector.

ExxonMobil Ramps Up Production at New Indonesian Oilfield
Tuesday, May 12, 2015 ExxonMobil ramps up production at a new Indonesian oilfield, targeting peak output later this year of more than 200,000 barrels per day that will add to an already oversupplied crude market.

OTC 2015: Indonesia to Decide Mahakam Transit Deal, MEMR O&G Top Post Soon
Tuesday, May 05, 2015 Indonesia expects a transit deal for the Mahakam block off East Kalimantan to be sewn up later this month, a top Ministry of Energy and Mineral Resources official says.

Hit to Indonesia's Oil and Gas Revenue Threatens Deficit, Crude Output
Thursday, April 30, 2015 Indonesia's oil and gas revenues are expected to drop by at least a third this year as a fall in production costs fails to keep pace with plunging oil prices and threatens to limit future output.

Norshore Atlantic Prepares for Well Intervention Work at Langsa Off Sumatra
Friday, April 10, 2015 Norshore Atlantic multipurpose drilling vessel to perform well intervention work for Pertamina Blue Sky Langsa at Langsa TAC, offshore Indonesia.

Pertamina Likely to Sign Transition Agreement Next Week for Mahakam Block
Friday, April 10, 2015 Pertamina is likely to sign a transition agreement next week with Mahakam block joint venture partner as it prepares to take over as operator in 2018.