Indonesia’s Pertamina to take over Chevron’s Rokan block in 2021

Indonesia has decided Pertamina will take over operation of the Rokan oil block, the country’s second-biggest crude producing field, once Chevron’s operating contract there expires in 2021, Deputy Energy Minister Arcandra Tahar said late on the 31^st July.

Rokan has been a focus area for Chevron, which asked Indonesia earlier this year to extend its operating contract beyond 2021.

A proposal made by Chevron for an extension of its contract after 2021 was ‘far below’ an offer made by Pertamina, Mr Tahar told reporters at a press conference, referring to a comparison of projections of state revenue and other terms proposed by both companies.

State-owned energy company Pertamina will operate Rokan from the 8^th August 2021 to 2041, under a gross split production sharing contract, Mr Tahar said.

Source: Energy-Pedia