REPUBLIKA.CO.ID, JAKARTA -- Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) appointed PT Medco E&P Indonesia as operator in Kampar oil and gas block, Riau. Head of Public Relation in SKK Migas, Elan Biantoro explained that government had decided not to extend PT Chevron Pacific Indonesia’s contract to operate the block.
Medco is appointed as interim operator for six months ahead until government sets definitive operator in this working area. This policy was made to avoid any interventions that can disturb state revenues.
"Until we get a definitive operator, Medco still handles the operational activity in this working area. The company will responsible to SKK Migas and Ministry of Energy and Mineral Resources," Biantoro said recently.
Kampar block was awarded to PT Stanvac Indonesia in a contract that was signed on July 5, 1993. PT Stanvac was acquired in 1995 by PT Exspan Nusantara, which later renamed PT Medco E&P Indonesia. The contract expired on Thursday, November 28, 2013.
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