{
    "success": true,
    "data": {
        "id": 1350406,
        "msgid": "pertamina-wants-to-acquire-palmerah-oil-block-1447893297",
        "date": "2003-10-30 00:00:00",
        "title": "Pertamina wants to acquire Palmerah oil block",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Pertamina wants to acquire Palmerah oil block The Jakarta Post, Jakarta State-owned oil and gas company PT Pertamina is one of eight companies who have expressed their interest in acquiring the Palmerah oil and gas concession in South Sumatra, a senior official said on Wednesday. \"Pertamina has also expressed interest in the Palmerah block.",
        "content": "<p>Pertamina wants to acquire Palmerah oil block<\/p>\n<p>The Jakarta Post, Jakarta<\/p>\n<p>State-owned oil and gas company PT Pertamina is one of eight<br>\ncompanies who have expressed their interest in acquiring the<br>\nPalmerah oil and gas concession in South Sumatra, a senior<br>\nofficial said on Wednesday.<\/p>\n<p>\"Pertamina has also expressed interest in the Palmerah block.<br>\nBut the government will not give Pertamina preferential<br>\ntreatment,\" Iin Arifin Takhyan, the director general of oil and<br>\ngas at the Ministry of Energy and Mineral Resources, told<br>\nreporters.<\/p>\n<p>Pertamina, which was converted into a limited liability<br>\ncompany in September, has long been pampered by the government<br>\nwith oil and gas acreages and other facilities.<\/p>\n<p>Pertamina's financial director Alfred Rohimone had said that<br>\nthe company would focus 70 percent of its business on oil and gas<br>\nexploration and development.<\/p>\n<p>Iin said that aside from Pertamina, there were also other<br>\ncompanies who had expressed their interest in the Palmerah block.<\/p>\n<p>However, Iin did not name the other companies. He<br>\nonly said the companies consisted of both local and foreign<br>\nfirms.<\/p>\n<p>The Palmerah block is one of the eight oil and gas acreages<br>\noffered by the government to investors. The other acreages are<br>\noffshore Anambas (Riau), onshore Palmerah (South Sumatra),<br>\noffshore Biliton (Bangka Belitung), onshore Bangkanai (East<br>\nKalimantan), offshore Bontang (East Kalimantan), offshore<br>\nHalmahera (Maluku), offshore West Salawati (Papua) and onshore<br>\nAsmat (Papua).<\/p>\n<p>Iin said the Palmerah block had attracted the strongest<br>\ninterest from investors.<\/p>\n<p>Among the foreign companies which have submitted proposals to<br>\nacquire the blocks are ConocoPhilips and Malaysian Genting Oil.<\/p>\n<p>\"The selection of the winning bids will be based on the work<br>\ncommitment program, bonuses and geological data,\" Iin said,<br>\nadding that the winners would be announced on Nov. 7.<\/p>\n<p>With the current acreage offering, the government will have<br>\nawarded a total of 17 oil and gas acreages this year compared to<br>\nlast year when only one oil and gas concession was awarded.<\/p>\n<p>Earlier this year, the government awarded 9 oil and gas<br>\nconcessions worth US$170 million.<\/p>\n<p>This will help lift the country's oil and gas output, which<br>\nhas been in the doldrums for sometime due to declining<br>\ninvestment.<\/p>\n<p>Indonesia currently produces 1.1 million barrels of oil per<br>\nday (bpd), lower than its quota of 1.317 million bpd set by the<br>\nOrganization of Petroleum Exporting Countries (OPEC).<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/pertamina-wants-to-acquire-palmerah-oil-block-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}