DRILLING

Pertamina defends Iraqi contract

In what is possibly a sign of things to come the US administration in Iraq has imposed its will on several international companies intending to explore the country's oil potential.

The Indonesian state run oil company Pertamina has been forced to send a negotiation team to Iraq to defend its oil exploration contract for the Western Desert.

In a stroke of bad timing the contract was signed by Pertamina with the Hussein regime before the U.S. military invaded and subsequently took over administration of the country.

Since then the U.S. authorities in Iraq have made all contracts with the fallen government invalid.

Pertamina President Basihaki Hakim, part of the negotiating team, said Pertamina plans to invest $US30 million to develop the oil field and has already spent $US3 million preparing for the exploratory drills in the Western Desert.

TOPICS:

< PREVIOUS ARTICLE

Mississippi comes up dry for Amadeus

NEXT ARTICLE >

Kilauea-1 underway and at depth

OPERATIONS

Clock's ticking for EDO to handover Barossa documents to Santos

POLICY

EDO scrambles to limit Barossa disclosure to Santos

ENERGY TRANSITION

Lab-Green deal all but dead as climate trigger ruled out

ENERGY TRANSITION

Government and IEEFA claim Dutton's nuclear plan is a non-starter

RESEARCH

Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.