Pertamina unleashed
Back outside Opec again, Indonesia's oil and gas giant will spend heavily
When the upstream subsidiary of Indonesia's Pertamina group took control of French independent Maurel et Prom in early February, it marked the latest stage in the state-owned company's aggressive expansion of its overseas and domestic upstream activities. The acquisition of the 186-year-old, Euronext Paris-listed oil and gas firm gives Pertamina operations in Africa, notably Gabon, Namibia, Nigeria, Tanzania, as well as Myanmar and other parts of Asia, Canada and Italy. With oil and gas reserves of around 205m barrels of oil equivalent, the purchase of Maurel et Prom means that "Pertamina can be more optimistic about developing its upstream business faster," enthuses upstream director Syamsu
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
