Pertamina project. (ANTARA/Reno Esnir) |
Iraqi
Ambassador to Indonesia Ismieal S. Muhsin said Pertamina stood a good chance of
exploring oil in Iraq, but it first had to win the related bids.
“We hope
Pertamina will take part in the next bids,” Muhsin said Tuesday in Jakarta, as
quoted by kontan.co.id.
Kontan
earlier reported that Pertamina had previously declared its readiness to
explore Iraq's Western Desert 3 and Tuba blocks.
In April
2002, Pertamina signed a contract to explore and develop the Western Desert 3
block, which is located 300 kilometers southwest of Baghdad and is estimated to
contain three billion barrels worth of oil reserves.
The
contract stipulated that should Pertamina manage to find oil during three years
of geological and seismic studies worth US$24 million in the block, the
cooperation would be extended for another two years. The contract’s
implementation, however, was disrupted with the US invasion of Iraq that took
place in 2003.
Pertamina
is also reportedly eyeing the Tuba block, which produces 150,000 barrels of oil
per day. To operate the block, however, Pertamina should first compete with
three companies: namely, India-based Oil Natural Gas Corp., Algeria-based
Algerian Sonatrach and China-based Chinese Petroleum.
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