The Indonesian Government told state-controlled PT Pertamina it must seek partners to develop Natuna D-Alpha gas block by offering a production split of only 40%.

The government will have a production share of no less than 60%, Energy and Mineral Resources Minister Purnomo Yusgiantoro told local media.

Pertamina had previously said that it would not name a partner to develop the Natuna D-Alpha gas block before the term of condition (ToC) of the project was approved.

The government awarded the project to Pertamina after terminating the contract with ExxonMobil for failing to carry out development of the block as scheduled.

So far eight large oil companies including ExxonMobil Corp, Total SA, Chevron Corp, StatOil Hydro, Royal Dutch/Shell, China National Petroleum Corp and Petronas and Eni Spa have shown interest in the project.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData