Indonesia’s Pertamina announced that its subsidiary PT Pertamina Hulu Energi (PHE) officially started operations at the Siak block in Riau province, Sumatra on May 28.
The new operations follow expiration of the contract between the Indonesian government and Chevron Siak Indonesia.
M. Husen, Pertamina upstream director said, “After being discussed for six months, finally, the Siak block … has been officially taken over by PHE Siak. The production of the block currently reaches 1,800 bpd. By owning 100 percent share in the block, which comprises Lindai field, Batang field and South Menggala field, we hope that the block can contribute in our effort to increase Pertamina and PHE’s production.”
Chevron maintained operation and production in the six month transition period from November 27, 2013 to May 27, 2014.
“Within that period, we have also built good cooperation between PHE and Chevron so that the Siak block handover process can be done smoothly,” Husen said.