Jakarta (ANTARA News) - PT Pertamina will operate the Maratua block under the Gross Split scheme for which the state-owned oil and gas company has set aside US$7.75 for investment and signature bonus.

Upstream Director of Pertamina Dharmawan H Samsu said in a written statement on Saturday the Maratua Block in North Kalimantan has good potential for development.

He said the management of Pertamina welcomed the decision of the government to hand over the operation of the oil and gas block to the company through direct offering on 27 December 2018.

The Maratua block is located in area in both onshore and offshore North and East Kalimantan.

Reporting by Afut Syafril Nursyirwan
Editing by Yoseph Hariyadi

(SYS/AS/H-YH)

Reporter: antara
Editor: Heru Purwanto
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