Inpex targeting Mahakam block participation after 2018

Inpex targeting Mahakam block participation after 2018

Inpex of Japan revealed its intention to sign a heads of agreement with Indonesia’s Pertamina and Total on participating in the offshore Mahakam Block beyond 2018. 

In June 2015, Indonesia’s Ministry of Energy and Mineral Resources said the state-owned Pertamina will become the operator of the Mahakam Block with a 100 percent interest but it could reduce its share to other parties.

Currently, Total, the operator of the block owns 50 percent interest with Inpex holding the remaining 50 percent share.

Inpex said in a statement on Monday that, together with Total, it has engaged in talks with Pertamina and the Indonesian government authorities targeting extension or renewal of the current production sharing contract that ends in 2017.

Under the new HoA, discussions will be held over the Mahakam Block operatorship transfer from Total to Pertamina, as well as on the participation of Total and Inpex in the block after 2018.

Inpex added that the gas recovered from the field is delivered to the Bontang LNG facility.


LNG World News Staff

Share this article

Follow LNG World News


<< Feb 2020 >>
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

3rd CWC Japan LNG & Gas Summit

As the only commercially focused forum for the Japanese LNG industry

read more >

Cryogenic Storage Tanks

The program committee looks forward to having the opportunity for intensive, objective and professional…

read more >