Pertamina Looking at Kazakh Oil, Gas Assets

Indonesia’s Pertamina is looking at opportunity to acquire oil and gas blocks in Kazakhstan.

Representatives from Kazakhstan are planning to visit Indonesia with details about the oil and gas assets.

Kazakhstan has said that Indonesia be given the priority to acquire oil and gas blocks in Kazakhstan, the government of Indonesia was also very serious in supporting Pertamina to invest in the country.

Pertamina’s attempt at acquiring overseas oil and gas is aimed at increasing its output as most of the blocks in Indonesia have matured, while the contracts for potential blocks have not ended and are held by other companies.

Pertamina announced earlier that it aimed to acquire five overseas oil and gas blocks in the Asia Pacific region through its subsidiary Pertamina Hulu Energi (PHE). 

PHE currently owns shares in oil and gas blocks in seven countries: VIC in Australia, Block 3WD in Iraq, Block SK-305 in Malaysia, Block 3 in Qatar, Block 13 in Sudan, Block 17-3 and Block 123-3 in Libya and Blocks 10 and 11.1 in Vietnam.