Pertamina seeks 50-year East Natuna PSC

摘要

Jakarta—Indonesia’s state-owned Pertamina is seeking a 50-year contract for the giant East Natuna block in the South China Sea compared with a normal production sharing contract length of 30 years so the company can generate profits from its development, a senior company official said May 8. “We are asking for an investment guarantee from the government,” Pertamina’s upstream director, Muhammad Husen, said, adding that the company had asked the government for a 30-year PSC and a guarantee that the PSC will be extended by another 20 years.