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Pertamina Develops Iraq Project
Pertamina Develops Iraq Project
TEMPO Interactive, Jakarta:State-oil company PT Pertamina Upstream Energy plans to develop the western Desert Block oilfield in Iraq, together with China National Petroleum Corporation (CNPC) and Petronas. "We are trying to collaborate with CNPC and Petronas to operate one oil field," said Dwi Martono, international director of Pertamina Upstream Energy, yesterday.
Dwi said Pertamina had discussed the plan with the two companies but there had been no agreement yet. The three companies have yet to discuss share allotments in the consortium.
Dwi said the Iraqi government had opened tender to develop four to five oilfields in the area. Pertamina is one of the companies that made the first stage selection. He also said that his department had not submitted a proposal. "I think the winner of the tender will be announced at the end of this year," he said. The field eyed by Pertamina can produce up to 200.000 barrels of oil per day.
Dwi said Pertamina had discussed the plan with the two companies but there had been no agreement yet. The three companies have yet to discuss share allotments in the consortium.
Dwi said the Iraqi government had opened tender to develop four to five oilfields in the area. Pertamina is one of the companies that made the first stage selection. He also said that his department had not submitted a proposal. "I think the winner of the tender will be announced at the end of this year," he said. The field eyed by Pertamina can produce up to 200.000 barrels of oil per day.
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