JAKARTA - PT Pertamina (Persero) prepare a budget of U.S. $ 2 billion for acquisitions of the oil and gas field in this year. The state -owned company plans to acquire overseas oil and gas fields and oil and gas field contract ended.
Senior Vice President of Pertamina Upstream Bussiness Development, Denie S Tampubolon said block potential acquisitions abroad is much more attractive than in the country. So that the overseas expansion menjad Pertamina focus acquisition .
"Approximately 70% will come from the acquisition of assets abroad, especially the areas that still have large reserves. For this year alone, we saw no chance of 4 to 5 blocks acquisition of oil and gas," he said, Thursday (15/05/2014).
Currently, Pertamina has particularly 10 blocks in 9 countries. Pertamina, Petronas Carigali in cooperation with Petrovietnam exploration and Production Corporation to work on Block SK- 305 in Sarawak, Malaysia, Block 10 and 11.1 in Vietnam .
Then, Pertamina also has participation in Block VIC, Australia, Block 3 in Qatar, Block 13 in Sudan, Block 13 WD in Iraq, as well as Block 17-3 and 123-3 in Libya.
Furthermore, two blocks production recently successfully acquired , namely Block 405a which includes Menzel Lejmat Field North (MLN), and EMK Ourhoud in Algeria and West Qurna - 1 in Iraq.
For domestic expansion, Pertamina and Thailand's PTTEP has just signed a stock purchase agreement or share purchase agreement (SPA) to take over Natuna Sea Block A, which blocks belong to Hess Corporation in Indonesia. (*)
Senior Vice President of Pertamina Upstream Bussiness Development, Denie S Tampubolon said block potential acquisitions abroad is much more attractive than in the country. So that the overseas expansion menjad Pertamina focus acquisition .
"Approximately 70% will come from the acquisition of assets abroad, especially the areas that still have large reserves. For this year alone, we saw no chance of 4 to 5 blocks acquisition of oil and gas," he said, Thursday (15/05/2014).
Currently, Pertamina has particularly 10 blocks in 9 countries. Pertamina, Petronas Carigali in cooperation with Petrovietnam exploration and Production Corporation to work on Block SK- 305 in Sarawak, Malaysia, Block 10 and 11.1 in Vietnam .
Then, Pertamina also has participation in Block VIC, Australia, Block 3 in Qatar, Block 13 in Sudan, Block 13 WD in Iraq, as well as Block 17-3 and 123-3 in Libya.
Furthermore, two blocks production recently successfully acquired , namely Block 405a which includes Menzel Lejmat Field North (MLN), and EMK Ourhoud in Algeria and West Qurna - 1 in Iraq.
For domestic expansion, Pertamina and Thailand's PTTEP has just signed a stock purchase agreement or share purchase agreement (SPA) to take over Natuna Sea Block A, which blocks belong to Hess Corporation in Indonesia. (*)
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