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The Ministry of Energy and Mineral Resources (ESDM) has signed four oil and gas oil and gas blocks with a gross sharing regime, which will expire in 2019 and 2020.
Chief Executive Officer Oil and gas Ministry of Energy and Mineral Resources Djoko Siswanto said the four contracts are a joint extension of the joint management between former contractors with PT Pertamina (Persero) for a period of 20 years
"From the contract of interest Participation of entrepreneurs, "said Djoko, at the Office of the Ministry of Energy and Mineral Resources, Jakarta Wednesday (11/7).
Secretary General of the Ministry ESDM Ego Syahrial revealed that the purpose of signing the contract is done well before the expiry of the contract, aims to make the planning of the management of oil and gas blocks more mature, so that he little t menin catalyze and maintain oil and gas production
"So that our production goal can be maintained or can be improved. The principle of this extension of the mind is to maintain or increase production, "says Ego.
Ego continues by increasing oil and gas production, which will increase government revenue from oil and gas activities.
"The management principle of this transfer may provide better state revenue, but the KKKS can also benefit from it," he said.
The four contracts of production sharing are: [19659003] The production sharing contract of the Bula area with the contractor is Kalrez Petroleum (Seram) Ltd., which also serves as operator The existing production sharing contract of Working Bula will expire on October 31, 2019.
Salawati Production Sharing Contract with Contractor Petrogas (Island) Ltd. (as operator) and PT Pertamina Hulu Energi Salawati Contract Profit Share Salawati (existing) area will take end Apr. 22, 2020.
Production Sharing Contract of Bird's Head's Work Area with Petrogas Contractor (Basin) Ltd. (as well as the operator) and PT Pertamina Hulu Energi Salawati basin. The current production sharing contract of the Bird's Head work area will expire on October 14, 2020.
Production sharing contract of the Strait of Malacca working area with the entrepreneur EMPaccaparant Malacca SA (as well as operator) and PT Imbang Tata Alam. The current production sharing contract for the Strait of Malacca work area will be completed on August 4, 2020.
Reporter: Pebrianto eko Wicaksono
Source: Liputan6.com [azz]
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