Pertamina to take control of Mahakam once contract expires
Total and Inpex currently have a production sharing contract which will expire in 2017
Indonesia’s national oil company (NOC) Pertamina will officially take control of Mahakam, the country’s biggest oil and gas block, when French major Total and Japan’s Inpex see their production sharing contract (PSC) expire at the end of 2017. Energy minister Sudirman Said officially announced that Pertamina and local governments would have a 70% stake in the new contract, which will take effect in January 2018. Total and Inpex will have the remaining 30%. The division of the 30% interest between Total and Inpex is still being discussed, he added. The appointment of the NOC as the operator of Mahakam illustrates Indonesia’s aspiration to take a firmer grip on the nation’s natural resources
Also in this section
6 February 2026
The long close relationship between key supplier Qatar and pivotal buyer Japan becomes even deeper following new landmark deal
6 February 2026
Partnerships across the LNG value chain have evolved over time, growing in both complexity and importance, according to panellists at LNG2026
6 February 2026
Nigeria's mega-refinery is still trying to solve many challenges, all while its owner talks up expansion
5 February 2026
While broadly supportive of EU efforts to tackle methane emissions, representatives of the gas industry warn it could deter supply contracting if timelines and compliance requirements are not made more pragmatic
