The Minister of Energy and Mineral Resources and State Minister for State-owned Enterprise have different opinions on Pertamina's loss in the regular tender for oil and gas working area in Semai V, Papua.
Minister of Energy and Mineral Resources Purnomo Yusgiantoro said state oil company Pertamina's loss could be attributed to the fact the share ownership of Pertamina's partner (Shell) in the project consortium was far larger.
In Semai V, Pertamina establishes a consortium with Shell. Therefore, Hess was declared as the winner in Semai V not because Hess offered a larger bonus of US$35 million.
But, the State Ministry for State-owned Enterprise viewed technically Pertamina should win since it gave a better offer.
According to him, the Department of Energy and Mineral Resources should give priority to state-owned enterprises instead to foreign companies.
Tuesday, November 18, 2008
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