Indonesia to Issue Rules on Crude Oil Sales Next Week

Posted by Michelle Howard
Wednesday, September 5, 2018

* Indonesia expects to issue rules next week prioritising Pertamina and other domestic refinery operators in sales of crude oil produced locally by contractors, Oil and Gas Director Djoko Siswanto said on Wednesday

* The rules require Pertamina to agree on crude purchases at prices based on business negotiations with domestic oil producers, Siswanto told reporters at a news conference

* This could affect up to 110,000 barrels per day (bpd) of oil produced by Chevron and 27,000 bpd from Exxon Mobil at their operations in Indonesia, he said

* The rules have been signed by the energy and mineral resources minister and are awaiting final approval by the Law and Human Rights Ministry, Siswanto said

Reporting by Wilda Asmarini; writing by Fergus Jensen

Categories: Government Update Shale Oil & Gas Indonesia

Related Stories

Timor-Leste: Chuditch-2 Well to be Drilled at New Location Following Site Surveys

Borr Drilling Nets Close to $160M in Fresh Contracts for Three Jack-Ups

Nebula Energy’s AG&P LNG Secures 20-Year LNG Terminal Deal in Indonesia

OneSubsea to Supply Subsea Wellheads for Prime Energy’s Malampaya Field

MMHE Delivers Topside for Jerun Gas Field Platform Offshore Malaysia

AG&P LNG Grabs Stake in $500M LNG Terminal in South Vietnam

BP's Carbon Emissions Rise for the First Time Since 2019

CNOOC Finds Oil in South China Sea Deepwater Field

ONE Guyana FPSO for ExxonMobil’s Yellowtail Field Leaves Drydock in Singapore

Jadestone Eyes Woodside’s Macedon and Pyrenees Fields Offshore Australia

Current News

Doris, Rosen and Spiecapag Team Up to Repurpose Natural Gas Pipelines for Hydrogen

Indonesia to Ask Mubadala to Speed Up South Andaman Gas Development

Interview: Caroline Yang, CEO, Hong Lam Marine & President, SSA

Indonesia Offers Five Oil and Gas Blocks, Pledges to Boost Exploration

ADES Holding Signs $94M Jack-Up Rig Deal with PTTEP

Cyan Renewables, Hyundai to Set Up Offshore Wind Vessel Suply Chain in South Korea

Mubadala Energy Makes Second Major Gas Discovery in Indonesia

Subsea7, OneSubsea to Install Türkiye’s First FPU in Black Sea

Optimizing Cathodic Protection Survey Using Non-contact Sensors

Into the Deep: Offshore Production Increasingly Finds Deeper Waters

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com