Pertamina Enters Crude Oil Supply Contracts with 11 Oil and Gas Contractors in Indonesia

Pertamina, the state-owned oil and gas company in Indonesia has entered into contracts with 11 oil and gas companies operating in Indonesia to supply crude oil. The contract has been signed with an aim to reduce crude oil imports in the country. The agreements of the contract are based on the Energy and Mineral Resources Ministerial regulation on the domestic use priority of crude oil produced in Indonesia.

The 11 companies that signed contract with Pertamina are PT SPR Langgak, Bumi Siak Pusako, RH Petrogas Limited, PetroChina International Jabung Ltd., PT Chevron Pacific Indonesia, PT Energi Mega Persada Tonga, SAKA Pangkah Indonesia Ltd, Husky CNOOC Madura Ltd, PetroChina International (Bermuda) Ltd. (bbn), Petronas Carigali Ketapang I Ltd, and PT Energi Mega Persada Tbk.

Djoko Siswanto, Director General Oil & Gas, Ministry of Energy and Mineral Resources stated that the volume of contracts is high enough and if all the companies sold their crude oil to Pertamina, then the company will be able to reduce imports by 225,000 bopd.

According to Arya Dwi Paramita, Pertamina’s media communications manager, the company that was selected by the Indonesian government to purchase crude oil produced in the country was ready to consume all the crude oil that was sold by several oil companies. He also said that the volume of contracts is different with each oil company, which depends on the mutual agreement. Pertamina has not disclosed details of the contracts and scheme’s value.

By the end of 2019, Pertamina plans to establish 123 one-price fuel stations under the government program to provide fuel in remote regions. The company already opened 54 fuel stations in 2017, followed by 69 in 2018. In 2019 it aims to open 29 fuel stations. The fuel stations are opened in outermost and least developed regions in Indonesia.

About Sandali 225 Articles
A former journalist, Sandali is a content marketer with over 5 years of writing experience, across various industries including Food Innovation, Healthcare, and IoT and Technology. Sandali has been weaving corporate stories for organizations through different forms of impactful marketing content. Her key aim is to strategically align well-crafted narratives with business objectives, translating into a powerful communications platform for the company.