Petronas Offered O&G Exploration At 10 New Blocks In Indonesia

Petronas has been offered to explore 10 new blocks of oil and gas (O&G) fields in Indonesia, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

He said the invitation involving seven exploration blocks in the Exclusive Economic Zone and three in Natuna Island was made by Indonesia's Coordinating Minister for Maritime Affairs, Luhut Binsar Panjaitan, in a meeting here today.

Speaking in a press conference later, Ahmad Zahid said with the invitation, Petronas had the opportunity to participate in the open tender by Pertamina, Indonesia's state-owned oil company, for the exploration of new blocks in other locations.

"This is a good offer as Petronas is basically focusing on exploration in the ASEAN countries," he said.

Ahmad Zahid said the meeting also opened a new chapter for Tenaga Nasional Bhd (TNB) as the utility company had now been allowed to negotiate directly with coal suppliers in Indonesia to ensure a continuous supply of high-quality coal.

He said the two countries also agreed that the cooperation between TNB and Perusahaan Listrik Negara (PLN) Indonesia was done on a business to business deal.

Indonesia had also given its assurance that it would commit to a long-term cooperation between TNB and coal companies in the republic, he added.

Towards this end, he said a technical committee involving TNB, PLN and industry players in Indonesia would be set up.

In another development, Ahmad Zahid said Indonesia reiterated its commitment to address the haze issue and overcome it holistically in three years.

Source: Bernama (via O&GLinks)
Event date: 
Friday, September 2, 2016