Indonesia appears to be softening its stance on awarding expiring blocks directly to state-owned Pertamina — a policy that aimed to tighten government control over resources and, in theory, boost domestic production, writes Amanda Battersby.
Pertamina is running the rule over several soon-to-be expiring domestic assets, including Jambi Merang and blocks operated by Chevron and Vico given that it has, at least on paper, first call on such acreage.
