Gulf Oil and Gas accountACCOUNT

Chevron Seeks Extension of Rokan Block Contract in Indonesia Beyond 2021

Source: Reuters 4/6/2018, Location: Asia

Chevron has submitted a proposal to extend its contract to operate the Rokan block in Indonesia beyond 2021, Deputy Energy Minister Arcandra Tahar said on Friday.

Chevron’s proposal is now being evaluated by upstream oil and gas regulator SKKMigas, Tahar said. 'Apparently the seven sisters are still interested in investing in Indonesia,' he said.

The Rokan block is Indonesia’s single largest source of crude oil.

The government is currently evaluating 23 oil and gas contracts due to expire up to 2026, and will prioritise decisions on those expiring soonest, Tahar said.

Acquisitions and Divestitures News in Indonesia >>

United Kingdom >>  2/21/2019 - UK Oil & Gas PLC has completed the previously announced acquisition of the 6% shareholding in Horse Hill Developments Ltd ("HHDL") from Doriemus PLC. ...
Australia >>  2/18/2019 - Santos has announced it had reached an agreement to align the company’s interests, under Santos operatorship, across four exploration permits in the B...

Indonesia >>  2/18/2019 - Andalas Energy and Power has provided an update in relation to its proposed acquisition of an interest in the Bunga Mas production sharing contract ('...
Egypt >>  2/15/2019 - Eni has been granted by Egyptian Authorities two exploration blocks onshore Egypt. The first block, “South East Siwa” (Eni 100%), has been assigned wi...

Thailand >>  2/15/2019 - PTT Exploration and Production Public Company Limited (PTTEP) disclosed that its subsidiary, PTTEP SP Limited, signed the Share Purchase Agreement (SP...
Australia >>  2/14/2019 - On 25 January 2019, Vintage Energy Ltd received Ministerial consent, the final condition precedent of the Sale and Purchase Agreement between Vintage ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Indonesia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |

Oil & Gas Projects in Indonesia >>

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.