Pertamina's president director: Karen Agustiawan.
Pertamina eyes West Qurna
Indonesia’s Pertamina is exploring a joint bid with two other partners for West Qurna block onshore Iraq.
West Qurna is believed to hold 8.6 billion barrels of oil. The onshore block is now producing about 280,000 barrels per day and expected to ramp up to 600,000 bpd.
Pertamina Hulu Energi’s director of international business Dwi Martono told the Jakarta Globe the state-owned company will team up with Malaysia’s Petronas and China National Petroleum Corporation to bid for Iraqi assets.
West Qurna is believed to hold 8.6 billion barrels of oil. The onshore block is now producing about 280,000 barrels per day and expected to ramp up to 600,000 bpd.
Iraq plans to award six 20-year oil contracts and two 20-year gas contracts in Basra, Missan, Kirkuk, Akkas and Mansouria. The bidding round for the Iraqi assets has reportedly attracted 32 oil and gas companies including international oil majors ExxonMobil and Shell.