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Pertamina in Talks to Buy 10% of Chevron’s Indonesian Field

By Bambang Djanuarto

Nov. 12 (Bloomberg) -- PT Pertamina is in talks with Chevron Corp. to buy a 10 percent stake in Ganal-Rapak deep sea oil and gas project in Indonesia’s East Kalimantan province, said Gunung Sardjono Hadi, Pertamina’s senior vice president for upstream planning.

Pertamina is also interested in buying a 15 percent stake in Semai II block in Papua, Hadi said today. The Semai II oil and gas field is jointly operated by Thailand’s PTT Exploration & Production Pcl, Inpex Corp. and Murphy Oil Corp.

To contact the reporter on this story: Bambang Djanuarto in Jakarta at bdjanuarto@bloomberg.net

Last Updated: November 12, 2009 02:20 EST

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