State oil and gas firm Pertamina has allocated US$164 million for funding the drilling of maximum 17 wells in Mahakam Block. Pertamin has signed bridging agreement and funding agreement with Total E&P Indonesie and Inpex Corporation. Pertamina will be the effective operator for Mahakam Block by January 1, 2018. For first three years, Pertamina allocates US$75.3 million for Mahakam Block.
