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Wednesday, June 12, 2013
In Algeria PT Pertamina, Indonesia’s state-run oil firm, said it should see oil production from one of its Algerian blocks in H2. Production will come from the concession it acquired from ConocoPhillips in a deal that was announced late last year. Pertamina is acquiring Block 405A which contains the Menzel Lejmat North, Ourhoud, and EMK fields.
“The handover of the block’s operations is likely to be completed within the next couple of months,” Pertamina’s upstream director, Muhammad Husein, said in Jakarta
Ignatius Tenny Wibowo, president director of Pertamina’s upstream subsidiary, Pertamina Hulu Energi (PHE), said the business unit would wait for its mother company’s go-ahead before starting operations. He added that the Algerian government and Pertamina were still engaged in discussions, as the former had planned to limit oil production from the oil blocks in the country in a bid to protect local assets.
“There will be a certain quota that we [Pertamina] are allowed to produce,” said Tenny. The block could add about 23,000 bpd to Pertamina’s production once operations begin.
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