Giant oil discovery possible in Indonesia: Arcandra
4th December 2018(antara) – Indonesia`s Deputy Energy and Mineral Resources Minister Arcandra Tahar said giant oil discovery is not something impossible if the country has the technology and ready to accept new technology for explorations.
Ministry optimistic about finding large oil, gas deposits
16th November 2018(antara) – The Geological Survey Center, Ministry of Energy and Mineral Resources, is optimistic that there are still opportunities to find large oil and gas deposits
New Pertamina chief faces uphill task in boosting Indonesia’s energy security
Aug 30 (spglobal.com) – President Joko Widodo is preparing for presidential and legislative elections in 2019 and is inclined to maintain populist measures such as fuel subsidies, in which Pertamina will have a key role to play. Widyawati, who has been appointed by the president, will be treading a thin line between the official mandate and keeping the oil major afloat amid rising import bills, falling domestic oil and gas production levels and attracting foreign investment in the upstream sector.
Indonesia’s push to nationalize energy assets could chill foreign investment
Indonesia is pushing to nationalize more of its oil and gas assets as it tries to reduce imports and boost government revenue amid emerging market turbulence that has staggered Southeast Asia’s biggest economy.
Exceeding Target, Pertamina EP Asset 4 Oil and Gas Production Grows 110 Percent
Aug 3 (netralnews.com) – PT Pertamina EP through Asset 4 unit as of the end of July 2018 posted a positive performance. This is indicated by oil production rate which as of 31 July 2018 reached 15,811 barrels per day (bpd) or 110.11 percent of the target of 14,032 bpd
Percent Indonesia’s Pertamina to Take Over Chevron’s Rokan Block in 2021
Aug 1 / The Jakarta Post – Indonesia has decided Pertamina will take over operation of the Rokan oil block, the country’s second-biggest crude producing field, once Chevron’s operating contract there expires in 2021, Deputy Energy Minister Arcandra Tahar said late on Tuesday (31/07). Rokan has been a focus area for Chevron, which asked Indonesia earlier this year to extend its operating contract beyond 2021.
Indonesia to auction three onstream blocks in August
Jul 31 / The Jakarta Post – The government is set to open bidding for three ready-to-produce oil and gas blocks — Makassar Strait, Selat Panjang and South Jambi B — in the first week of August. Deputy Energy and Mineral Resources Minister Arcandra Tahar said on Monday that there was enough data on the three blocks to entice potential bidders.
Pertamina builds projects valued at US$20 trillion in eastern Indonesia
JAKARTA, July 30th / AntaraNews – The 12 units of LPG terminal valued at Rp10 trillion were built to support the program of conversion of kerosene into LPG all over Indonesia.In eastern Indonesia alone, Pertamina built 4 Terminals of LPG Pressurized in Bima, Kupang, Wayame and Jayapura.
Japanese foreign minister to visit Indonesia next week
JAKARTA, June 23rd / Antara – Japan`s total investment in Indonesia had reached US$5 billion in 2017, while the trade balance was recorded at $33 billion. Indonesia exports oil, liquefied natural gas, coal as well as other sectors to Japan.
Oil and Gas Holding Company Strengthens National Gas Business
JAKARTA, May 31st / Netral English – The establishment of oil and gas holding company will optimize the gas business in Indonesia, among others through the optimization of gas supply and improvement of gas infrastructure efficiency, thus creating competitive gas prices.
