JAKARTA (Yosefardi) – The Ministry of Energy and Mineral Resources (ESDM) urges state oil and gas company PT Pertamina to submit its proposal for taking over Mahakam block in East Kalimatan.
Naryanto Wagimin, ESDM oil and gas upstream director, warns that ESDM would not make any decision on Mahakam block if Pertamina failed to submit the proposal until next week.
Pertamina itself had last week promised to submit its proposal within 2 weeks.
“Pertamina is possible to cooperate with Total E&P in managing Mahakam block. But we need to see the content of proposal proposed by Pertamina,” Naryanto noted.
ESDM hands over 10 permits for oil and gas sector to The Investment Coordinating Board (BKPM). While ESDM holds 40 permits for this sector.