Pertamina’s Urgent Task to Develop Major Oil and Gas Fields

The task of developing these large oil and gas fields assigned to Pertamina has become crucial amidst the trend of declining national oil and gas production every year. Joint operation schemes with minor contractors are being increasingly promoted through improved terms and conditions.

Stepanus I Nyoman A. Wahyudi

4 Okt 2023 - 21.23
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Pertamina’s Urgent Task to Develop Major Oil and Gas Fields

Illustration - Pertamina head office, Jakarta.

Bisnis, JAKARTA —PT Pertamina (Persero) shifts its focus to developing oil and gas fields with substantial reserves among those ready for further development.

The government had requested the state-owned oil and gas company to transfer the management of oil and gas fields with smaller reserves to other companies, in addition to the thousands of abandoned oil wells owned by Pertamina that can be relinquished to other companies.

The task of developing these large oil and gas fields assigned to Pertamina has become crucial amidst the trend of declining national oil and gas production every year. Production sharing contracts (PSC) with minor contractors are being increasingly promoted through improved terms and conditions.

Tutuka Ariadji, Director General of Oil and Gas at the Ministry of Energy and Mineral Resources (MEMR), said his ministry is currently processing the conversion of 14 old PSC fields into new PSCs. “There are 14 PSCs that are in the process of conversion, and three are under evaluation,” Tutuka said when they met at the Ministry of EMR on Tuesday (10/3/2023).

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Yusuf Waluyo Jati
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Pertamina’s Urgent Task to Develop Major Oil and Gas Fields

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