Tag: Mahakam

Too Little for Total

French oil & gas company Total E&P, who’s been the operator of East Kalimantan’s Mahakam Block for decades, have decided not to acquire the Block’s Participating Interest. After the expiry of their contract in 2017,  the Mahakam Block was handed over to state-owned PT Pertamina. The Government, however, asked Pertamina to make available 30 percent Participating Interest for Total to acquire. The problem is that Total thinks 30 percent as too little a share given what they’ve invested in the Block all this time.

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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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