Tag: Attaka Block

The Expired Oil & Gas Blocks

The government has actually granted eight oil and gas blocks, whose contracts expired this year, to state oil and gas company Pertamina. Interestingly, Pertamina returned two of the blocks to the government, which will then auction them to third party investors. Why?

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New Era at Offshore Mahakam Block

By January 1st, 2018, state-owned oil and gas company Pertamina will become new operator of the Offshore Mahakam, the largest gas producing block in the country. During 43 years of production controlled by Total (France) and Inpex (Japan), the block produced 1.5 billion barrels of oil and condensate plus 19 trillion cubic feet of natural gas.

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