Pertamina to ink three contracts this month

Pertamina to ink three contracts this month

JAKARTA (JP): The state-owned oil company Pertamina will award
two new contracts for technical assistance and another for oil
and gas exploration and exploitation later this month, a
Pertamina executive says.

"The two technical assistance contracts will be awarded to
Babat-Kukui Corporation and Patrindo and the production sharing
contract to Petrocorp of New Zealand," Pertamina's director for
production and exploration G.A.S. Nayoan told The Jakarta Post
during a break in a hearing with the Commission X of the House of
Representatives (DPR) here yesterday.

The contract will allow Petrocorp to explore onshore areas in
Karang Besar block in Kalimantan while Babat Kukui Corp. and
Patrindo will be allowed to operate in the Babat Kukui onshore
area in South Sumatra and Mogoi Wasian onshore area in Irian
Jaya.

In addition to the three contracts, he said, Pertamina is now
in final negotiations with four companies; Bow Valley Corp of
Canada, PT Caltex Pacific Indonesia, Santa Fe Ltd. and Mobil Oil
for oil and gas exploration at Cenako onshore area and CPP
onshore block in Riau, Kepala Burung onshore field in Irian Jaya
and Peududa offshore area in Aceh, respectively.

"We are also awaiting government approval for another
technical assistance contract for Meruap onshore area in Jambi,"
he added.

The contract will likely be awarded to PT Binawahana Petroleum
of Indonesia, he said.

He added that Pertamina will close the bidding of the
technical assistance contracts for 10 areas in Irian Jaya, South
Sumatra and Jambi on June 17.

They include the onshore areas of Salawati A, C, D, E, F and
N, all in Irian Jaya and Ramok onshore and Senabing onshore
areas, both in South Sumatra and Sungai Gelam and Tuba Obi Timur
onshore areas, both in Jambi, he said. (fhp)