JAKARTA (TheInsiderStories) – PT Pertamina, the largest oil and gas producer in Indonesia, expects to complete its planned acquisition of an operating interest in Iran’s Mansouri oilfield in April next year.
The block is expected to produce about 300,000 bpd. The state-owned company will have a 30 per cent interest in the field, with another 20 per cent to be held by an Iranian partner, and the remainder to be allocated for other potential partners, according to the director Syamsul Alam.
Pertamina had officially submitted a proposal on two Iranian development fields Ab-Teymour and Mansouri oilfield to the National Iranian Oil Company earlier this year. Both fields have been expected to contain reserves of more than five million barrels. (*)