Indonesia Expects Total to Decide on Mahakam within days

Maritime Activity Reports, Inc.

July 5, 2015

Indonesia's offshore Mahakam oil and gas block Photo Total

Indonesia's offshore Mahakam oil and gas block Photo Total

 

 French oil firm Total  will decide how much interest it will retain from 2018 in Indonesia's offshore Mahakam oil and gas block over the next two days, the country's energy minister said on Friday.

From Jan. 1, 2018, state energy company Pertamina will take over as operator of Indonesia's top gas producing field from Total. But it is not yet clear how Total and other partner Japan's Inpex, will split the 30 percent stake that Indonesia has proposed they share.

"Inpex has said they are ready to continue no matter what portion (they get)," Energy Minister Sudirman Said told reporters.

(Reporting by Jakarta bureau; Writing by Fergus Jensen; Editing by Tom Hogue)
 

Maritime Reporter Magazine Cover Nov 2019 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News