BUSINESS INFORMATION - The government formed Natuna team that will represent the interests of the government and PT Pertamina (Persero)

BUSINESS INFORMATION - The government formed Natuna team that will represent the interests of the government and PT Pertamina (Persero) in developing the block has estimated gas reserves large enough. Minister of Energy and Mineral Resources Purnomo Yusgiantoro in Jakarta on Thursday.

According to him, the government has decided to transfer the management rights to Pertamina Natuna after the expiration of the contract with ExxonMobil.

If Pertamina itself is managing, he said, the portion of the results for 60 percent government and 40 percent for Pertamina.

Pertamina has said it will seek partners to develop Natuna. At least there are two reasons that require high technology and large funds. Currently, Pertamina was selected to be towed partners for developing the Natuna.