The state-owned company and the government still cannot agree terms for the potential future exploration of its giant gas reserves.
It is understood that Pertamina and co-venturers US supermajor ExxonMobil and Thailand’s national upstream company PTTEP had proposed deferring the contract signing until at least 2018, by which time commodity prices are expected to have recovered.
Acting Minister of Energy & Mineral Resources, Luhut Binsar Pandjaitan, this week said the government had given the partners just days to decide what type of contract they would accept for the offshore block.
“This
