VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

PT Chevron Pacific Indonesia officially ended the almost one century of oil-gas block management in Rokan, Riau Province on Sunday (8/8). Now, state-owned PT Pertamina Hulu Rokan officially takes over the oldest oil and gas mine in Riau for the next 20 years. The takeover was in line with the government's mandate through the Energy and Mineral Resources Ministry in 2018.

President Director of Chevron Pacific Indonesia, Albert Simanjuntak thanked for the trust given by the Indonesian government for Chevron in managing the Rokan block for 97 years and in making the block as the greatest oil producer in Indonesia.

Meanwhile, Minister of Energy and Mineral Resources, Arifin Tasrif welcomed the Rokan takeover. He hopes that PT Pertamina Hulu Rokan could increase the oil and gas production in Rokan through a massive drilling investment.

Quoting the press release of the Energy and Mineral Resources Ministry on August 8, Minister Arifin Tasrif hopes that PT Pertamina Hulu Rokan would submit a proposal for an aggressive production increase activity  for the remaining 2021 and beyond. He also explained that this must be Pertamina's commitment, considering the Rokan block is one of the biggest Working Areas in Indonesia with a strategic value in fulfilling the 1 million barrels per day of oil production target and 12 billion cubic feet gas production target by 2030.

Answering the minister's request, President Director of PT Pertamina, Nicke Widyawati  as the parent company of PT Pertamina Hulu Rokan said that the trust given by the government to manage the Rokan block will be carried out as best as they can for the people and the country. She further remarked that the Rokan working area management takeover by Pertamina as a state-owned company will give a bigger benefit for the country both from the management and revenue. She added that this will strengthen PT Pertamina, especially Pertamina Hulu Rokan, as the driver for national development and economy.

Until the end of 2021, Pertamina Hulu Rokan plans to drill 161 new wells, including the available wells from the previous operator's commitment. For 2022, Pertamina Hulu Rokan plans to drill around 500 new wells. This commitment is the biggest investment commitment and  number of wells among other oil and gas working areas in Indonesia.