News listings

energy-pedia licensing

Indonesia flagIndonesia

Central & SE Asia / Australasia >>> Indonesia

Indonesia: Chevron in talks to renew Siak Block, South Sumatra

17 Jan 2011

Photo - see caption

Chevron said it was in talks with the Indonesia government to extend its drilling rights at the Siak Block in South Sumatra. The licence for the block is due to expire in 2013.

Upstream regulator BPMigas received a letter from Chevron in September in which the company expressed its desire to extend drilling rights at Siak, said Elan Biantoro, a spokesman at BPMigas. Chevron has until November to submit a formal proposal, according to Biantoro. 'The Siak Block is a crucial part of Chevron’s Sumatra integrated operations, including supporting production from the Rokan Block,' Johnstone said.

In late December last year, it was reported that several domestic oil companies, including state-owned enterprises in Riau, had expressed interest in taking over operations of the Siak Block from Chevron. Chevron Pacific Indonesia (CPI) gained control over the Siak Block in 1963 after signing a 30-year contract, the maximum allowed by the government at the time. In 1993, it extended the contract by 20 years.

The Siak block, in Riau’s Siak district, covers 2,484 sq kms and produces 2,000 barrels of oil per day. The block’s strategic location is crucial to supporting integrated operations within CPI’s Rokan Block, which includes the crude oil-producing Duri and Minas fields.

CPI, an Indonesian unit of Chevron, produces 380,000 barrels of oil per day, or around 45 percent of the country’s total crude oil production.

Source: energy-pedia

Bookmark and Share

A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.

Publicly Available Deals

See all deals...

Subscriber Only Deals

Current deals: 1656
Completed deals: 4771

Company Profiles

Current Company Profiles: 2544

Corporate Activity

Current Corporate Activity articles: 3003

Companies Looking

Current number of articles: 417

Company Sales

Current Company Sales articles:1207


Current Geostudies articles: 548

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...

energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...

energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...


Subscribe to the FREE
energy-pedia Daily Newsletter

KL Publishing
RSK Logo 149
Government of South Australia
Union Jack Oil 149
count geophysics
EP Consult Energies
SLR Consulting logo
Rose & Assocs 149
Lynx Information Systems
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans

Tel: +44(0)1727 822675