Pertamina Should Take 100 Percent of Mahakam block

Indobusiness - Minister of State Owned Enterprises (SOEs) Dahlan Iskan wants the PT Pertamina Persero could take mine Mahakam gas block in full. However, the mechanism Dahlan handed to the government."Let's take the Mahakam block 100 percent full.'s Right to comply with the wishes of the community to Pertamina could become nation's pride," Dahlan said after the state leadership meeting in office Pertamina Jakarta, Tuesday (04/02/2013).Dahlan said that, even if the parties have to collaborate with domestic firms will then be invited to it should be able to explore oil and natural gas.Dahlan also wants a little Pertamina has a stake in the Mahakam block continues to perform oil exploration. So after the Mahakam block later it was taken over production of oil and gas will continue to run. "Do not until later after being taken over, even down oil and gas production. Continue exploration So from now on," he added.Related funds to buy the Mahakam Block, Pertamina bergarap Dahlan prepare everything. It as the majority shareholder in Pertamina, will submit fully to the company's mechanism. "I'm not in the capacity to decide. I will join the government. Problems funds could be sought," he added.During this time, the Mahakam block is controlled by cooperation contracts (KKS) between Total E & P Indonesia (France) and Inpex Corporation (Japan). Mahakam block to date have an average production of approximately 2,200 million cubic feet per day (MMSCFD). Block reserve is about 27 trillion cubic (tcf).From 1970 to 2011, approximately 50 percent (13.5 tcf) reserve has been exploited, with gross revenues of about 100 billion U.S. dollars. The remaining reserves are currently about 12.5 tcf gas prices continue to rise, the Mahakam block potentially grossed 187 billion U.S. dollars, or approximately Rp 1.7 trillion. The Mahakam block contract was signed on March 31, 1967 and discharged on March 31, 1997.Before President Suharto stepped down, the Mahakam block contract has been extended for 20 more years and end on March 31, 2017.