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Berita Hari Ini Pertamina Hulu Energi
Since the mid-1990s, Indonesia's crude oil production has been experiencing a significant decline, forcing the country to leave the OPEC. Problematically, regulatory and legal uncertainty have been undermining the attractiveness of the investment environment, meaning that Indonesia has become - to a significant extent - dependent on the aging oil fields that are unable to meet all domestic oil demand.
Pertamina Hulu Energi, subsidiary of state-owned energy firm Pertamina, has been officially appointed as the new operator of the Siak oil block in Riau (Sumatra) after the contract of Chevron Siak Indonesia (CSI) had expired on 27 November 2013. The Indonesian government decided not to renew the production sharing contract (PSC) with Chevron, instead appointing Pertamina Hulu Energi as new operator of the oil block (in line with the government's aim to have more domestic control over the country's natural resources).
Pertamina, an integrated energy company, is the largest state-owned company of Indonesia. It conducts operations in the exploration and production of oil & gas, both national and international, and is also active in the development of renewable energy sources, such as geothermal energy and coalbed methane (CBM) gas. Pertamina's downstream activities cover processing, marketing, trading and shipping of its commodities. Its oil and gas exploration activities are conducted through its subsidiaries Pertamina EP, Pertamina Hulu Energi and Pertamina EP Cepu.
Bisnis Terkait Pertamina Hulu Energi
