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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.

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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 


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