JAKARTA - PT Pertamina Hulu Energi (PHE) officially holds a 24.5 percent participation or participating interest (PI) right over Blok Bobara. PHE's partners in developing this project are Petronas and TotalEnergies.
Just so you know, the Bobara Working Area is located in the deep sea waters (ultra-deepwater) of West Papua, Eastern Indonesia.
The signing of FOA PSC Bobara was carried out by the Director of PT Pertamina Hulu Energi Bobara, Muhamad Arifin, and Director of Petronas E&P Bobara Sdn. Bhd., Yuzaini Md Yusof, and witnessed by the President Director/CEO of PT Pertamina (Persero) Simon Aloysius Mantiri, Deputy President Director of PT Pertamina (Persero) Oki Muraza, President Director of PHE Awang Lazuardi, Director of Investment & Business Development of PHE Dannif Utojo Danusaputro, and Petronas President and Group CEO of Tan Sri Tengku Muhammad Taufik.
On this occasion, the President Director/CEO of PT Pertamina (Persero) Simon Aloysius Mantiri expressed his appreciation to all partners for the trust that has been given to Pertamina.
"Today's ceremonial event is not just a contractual milestone, but a tangible manifestation of Malaysia's energy partnership Indonesia, complementary synergy of capability, and our shared responsibility in strengthening regional energy resilience and encouraging sustainable development," he said, Monday, October 27.
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Furthermore, Simon expressed his request for support for Pertamina's business growth in Malaysia, in line with the long-term portfolio of Petronas in Indonesia. This support includes opportunities for Pertamina to become an operatorship in Malaysia's Balingian PSC and other PSC.
Meanwhile, PHE President Director Awang Lazuardi said the partnership in Bobara Block reflects strong synergy and shared commitments between Pertamina, Petronas and TotalEnergies to move forward.
"PSC Bobara is aligned with PHE's strategic focus in exploring and developing new opportunities in frontier areas," he said.
PHE will continue to invest in upstream oil and gas operations and business management in accordance with Environmental, Social, and Governance (ESG) principles. PHE is also always committed to Zero Tolerance on Bribery by ensuring prevention of fraud is carried out and ensuring that the company is free from bribery. One of them is by implementing the Anti-Bribery Management System (SMAP) which has been standardized ISO 37001:2016.
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