For the sake of Rupiah, Chevron’s contract will be amended
ESDM Ministry’s Director General of Oil and Gas (Oil and Gas) Djoko Siswanto said, if possible an amendment was made regarding the production sharing contract (PSC) related to the government’s assignment to Pertamina to buy oil lifting from the KKKS.
“If you cannot use the regulation, it can work, if it is needed, then the PSC amendment will be done, later it can be added, for example, it had the right to export but prioritized for domestic interest at market price. Staying added like that, the PSC amendment will be completed. “Djoko told the media when met at the ESDM Ministry, Jakarta, Wednesday (8 August).
He said, there would be an additional lifting potential of 225,000 bpd that could be absorbed by Pertamina. At present, all of Indonesia’s production is 775,000 bpd, and Pertamina currently uses 550,000 bpd.
“775,000 bpd is reduced to 550,000 bpd which is exported,” added Djoko.
Furthermore, Djoko explained, at this time he was writing to all existing KKKS with three groups, namely those who had contracted with outside buyers, who had tender with Pertamina but Pertamina lost the tender, and the group that offered the right to match, then he joined the auction , and become the winner of the auction.