Tag Archives: psc

Indonesia changes production-sharing terms

HOUSTON, Jan. 20 01/20/2017 By OGJ editors The government of Indonesia has implemented new production-sharing terms for oil and natural gas. The Ministry of Energy and Mineral Resources issued regulations for the new “gross-split contract,” which is based on gross … Continue reading

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Hibiscus to buy Shell’s operatorship of four oil fields offshore Sabah

Wednesday, 12 October 2016 | MYT 7:45 PM BY M. HAFIDZ MAHPAR KUALA LUMPUR: Shell has reached an agreement to sell its 50% equity interest in the 2011 North Sabah enhanced oil recovery (EOR) production sharing contract (PSC) to Hibiscus Petroleum … Continue reading

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Thai PTTEP gets to operate SK410B block in Malaysia

Malaysia’s Petronas has awarded a Production Sharing Contract (PSC) to Thai PTTEP, Kuwait’s KUFPEC, and Malaysia’s Petronas Carigali Sdn Bhd for the exploration Block SK410B. The PSC was signed at Petronas Twin Towers, in the presence of the President and CEO of Petronas, Zulkiflee Wan Ariffin. … Continue reading

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SapKen signs gas sales agreement with Petronas

Tuesday, 28 June 2016 PETALING JAYA: SapuraKencana Petroleum Bhd (SapKen) has signed the SK310 upstream gas sales agreement in relation to the production of gas from the B15 gas field. SapKen said its wholly owned subsidiary, SapuraKencana Energy Sarawak Inc … Continue reading

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SKK Migas: Chevron requests to postpone deepwater project IDD again

[Archive] February 25, 2016   JAKARTA (rambuenergy.com) – After submitting revision of the Indonesia Deepwater Development (IDD) in early January this year, Chevron Indonesia Company, a giant US oil and gas company, has requested the Indonesian government to postpone the … Continue reading

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Pertamina starts preparations for Mahakam gas block

Raras Cahyafitri, The Jakarta Post, Jakarta | Business | Wed, February 24 2016, 8:21 AM – State-owned oil and gas firm Pertamina has begun preparations for the operation of the gas-rich Mahakam block, which it will take over late next … Continue reading

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TOTAL TO CUT SPENDING ON INDONESIA’S MAHAKAM BLOCK BY 42% IN 2016

Jakarta (Platts)–24 Dec 2015 207 am EST/707 GMT   France’s Total plans to cut its spending in Indonesia’s giant but aging Mahakam gas block by 42% to $1.1 billion next year from $1.9 billion this year due to lower oil … Continue reading

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