Pertamina to complete acquisition on ConocoPhillips assets in Algeria

borneomagazine.com
Pertamina
Rep: Aldian Wahyu Ramadhan/Mutia Ramadhani Red: Julkifli Marbun

REPUBLIKA.CO.ID, JAKARTA -- State owned oil and gas company, PT Pertamina would complete its acquisition on ConocoPhillips assets in Algeria. The total value of assets reaches 1.75 billion USD.

Pertamina will own 65 percent of participating interest in Block 405a, which has three major oil fields, namely Menzel Lejmat North (MLN), Ourhoud and EMK. Pertamina also acts as main operator (65 percent) in MLM oil field, while 3.7 percent in Ourhoud and 16.9 percent in EMK.

Since the signing of agreement, EMK oil field has succesfully started its production. President Director of Pertamina, Karen Agustiawan said that this acquisition would contribute high quality crude oil in large number for company.

"It will be a milestone for us to expand our business in upstream investment internationally," Agustiawan said recently.

Pertamina is also ready to cooperate with Algerian authority and its partner, Sonatrach and ALNAFT to develop oil potential in the blocks. 

 
Berita Terpopuler

Ada 36 Bus Transjakarta Hilang di Terminal Pulogebang, Begini Respons Dishub DKI

Dewan Soroti Hilangnya 36 Bus Bekas Transjakarta pada 2021

Petani Mengaku Diminta Rp 598 Juta dalam Seleksi Polwan, Ini Klarifikasi Polda Metro Jaya

Kabar Terbaru, Polisi Tangkap Pegi, Buronan Pembunuh Vina di Bandung

Amal Clooney Rupanya Punya Peran Penting dalam Penerbitan Surat Penangkapan Netanyahu

Helikopter Presiden Iran Jatuh, Pengamat: Jika Israel Terlibat akan Terjadi Perang Besar

Norwegia Jadi Negara Pertama yang Nyatakan Siap Tangkap Netanyahu

Ditangkap Polisi Usai Buron 8 Tahun, Ini Enam Peran Pegi dalam Pembunuhan Vina

Jawaban Kemendikbudristek Atas Pertanyaan, 'Ke Mana Larinya Anggaran Pendidikan Rp 665 T?'

Cina Respons Langkah Jaksa ICC Ajukan Surat Penangkapan Terhadap Netanyahu