PT Pertamina (Persero) through its subsidiary, Pertamina Hulu Energy (PHE) makes a definitive agreement with Anadarko’s Offshore Holding Company LLC. Agreements made with the U.S. based company that linked the acquisition of 100 percent stake in a subsidiary of Anadarko in Indonesia.
“They include Anadarko Ambalat Limited, Anadarko Bukat Limited, and Anadarko Indonesia Company Nunukan,” said Corporate Communications Vice President of Pertamina Ali Mundakir on Monday (10/12). The three companies controlled a number of Blocks in Indonesia, including the Bukat and Ambalat (33.75 percent) and Nunukan (35 percent).
This acquisition is part of a corporate strategy to achieve aggressive growth in the sector upstream. It opens access for Pertamina to explore with potential significant discoveries near the area of operation of Pertamina in Bunyu and Tarakan.
This step also provides the opportunity for Pertamina to enhance the capabilities of the technology deep water operations and also as a contribution to the Government’s efforts in developing the border region of the country. But the transaction is not effective until a number of conditions contained in the agreement are met.
Specialy for Ambalat Block and Bukat, this block was originally owned by Chevron. Then Anadarko got into this block by swapping blocks on Madura. The block is then which is now being acquired by a United States company through the New York Stock Exchange.