Pertamina chance So World-Class Oil and Gas Company
Company Info November 30th, 2010
JAKARTA – PT Pertamina (Persero) has a great chance to be world-class companies. In fact, the position of Pertamina and PT Medco Energi Internasional Tbk (MEDC) is now considered balanced in terms of production.
“The position is equivalent to Pertamina Medco, nothing special. So, subsidies encouraged Pertamina did not like that,” said former state enterprises minister Sugiharto, in the Refreshment of Commissioners and Directors of state enterprises, the ASEAN Free Trade-China FTA: Challenges and Opportunities SOEs to Home ” , at the Hotel Sultan, Jakarta, Thursday (18/2/2010).
Currently, he said, there is a tendency in the world that the major players in the petroleum sector is state-owned companies or companies whose shares are mostly owned by the state. “We must encourage Pertamina into a world-class companies such as state-owned oil and gas from other countries in Asia,” he said.
State-owned oil and gas from various countries who became world players such as Petro China and CNOOC (China), SK of Korea, Indian Oil (India), Nippon Oil (Japan) and PTT (Thailand).
Therefore, Pertamina is very likely to be a world-class oil and gas companies are not only a major player in Indonesia, but also oil and gas exploration and services in various countries.
He said, with the steady depletion of oil reserves in Indonesia, oil and gas companies in the country could no longer rely on it, but should be expanded to other countries. “I saw the potential for oil services in the world is very big,” he said.
He saw the five countries with the largest oil reserves in the world is Saudi Arabia, Iran, Iraq, Kuwait and United Arab Emirates, who reserves reached 716 billion barrels is a great potential.
But he admitted, making Pertamina as a world-class company takes hard work and political will from the government and Parliament. He considered, it was time Pertamina exploration extended to many countries
