Chevron, SKK Migas reach investment deal
Indonesia A heads of agreement was signed between the US company’s local subsidiary, Caltex Pacific Indonesia, and SKK Migas that will ensure production is maintained and optimised during the handover.
The Indonesian NOC has been taking over a range of PSCs as they expire. The Rokan PSC is set to expire in August 2021. With production declining at the block, a new agreement was needed to supplement the original contract, which lacked end-of-term mandates.
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