Gov't to Sign East Natuna PSC

Astri Novaria    •    04 Oktober 2016 12:17 WIB
Gov't to Sign East Natuna PSC
Natuna waters (Photo: MI/Hendri Kremer Kemek), Jakarta: Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan said the government and a consortium of Pertamina, PTT EP Thailand and ExxonMobil will sign a production sharing contract (PSC) for East Natuna oil and gas black soon.

"It should be clear on Wednesday (10/5)," Luhut said at the Presidential Palace in Jakarta on Monday (10/3).

Separately, the Energy and Mineral Resources Ministry's oil and gas director general IGN Wiratmaja Puja said the PSC is ready to be signed. 

"The PSC is ready to be signed. It only needs to be finalized," Wiratmaja said.

The government and the consortium initially planned to sign the PSC last month.