Tag: Rokan
Resource Nationalism: Rokan Block (3)
President Joko ‘Jokowi’ Widodo, through his Facebook account Thursday (Aug 2) morning, praised a decision from ministry of energy and mineral resources to give state oil and gas company Pertamina the right to operate Rokan, the largest oil producing block in Indonesia. This effectively ends Chevron’s 50 years of control in the block, which once produced 900,000 barrels per day, one of the largest blocks in the world.
Read MoreResource Nationalism: Rokan Block (2)
One thing is clear. The government’s decision to give Rokan Block to Pertamina will boost the state oil and gas company’s profile in the region. Few years ago, Pertamina was responsible to less than 20% of the country’s oil and gas production. By early this year, Pertamina’s portion increased to 36% with the start of its control over Mahakam Offshore, the largest gas producing block in the country.
Read MoreResource Nationalism: Rokan Block (1)
The government claimed that it has assigned state oil and gas company Pertamina to manage the giant Rokan Block in Riau province, which is now managed by Chevron until 2021. The announcement was made by vice minister of energy and mineral resources Arcandra Tahar just hours after state-owned enterprises minister Rini Soemarno expressed her optimism about Pertamina’s proposal vis-a-vis Chevron’s.
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