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Indonesia's Pertamina proposes to take over Sanga-Sanga oil block

Fri, 29th May 2015 05:31

JAKARTA, May 29 (Reuters) - Indonesia's state oil and gascompany Pertamina has put forward a proposal for itto take over the Sanga-Sanga oil block, Wiratmaja Puja, directorgeneral oil and gas at Indonesia's Energy Ministry, toldreporters on Friday.

The block currently produces 16,733 barrel oil per day andis operated by VICO Indonesia, whose contract is due to expirein 2018. Among the block's shareholders are BP East Kalimantan,controlling 26.25 percent, and Virginia International Co,controlling 15.6 percent. (Reporting by Wilda Asmarini; Writing by Fransiska Nangoy;Editing by Richard Pullin)

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