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Pertamina

Indonesia’s state-owned energy company 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. A proposal made by Chevron for an extension of its contract after 2021 was below an offer made by Pertamina, which will operate Rokan from 8 August 2021 to 2041 under a gross split production-sharing contract. Rokan produced 207,000 B/D in the first half of 2018, approximately a quarter of the nation’s total crude oil output. It had been Indonesia’s largest crude-producing block until 2017, when Exxon Mobil’s Cepu Block operation on Java surpassed Rokan’s production in the first half of that year.


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