Chevron interested siak block

JAKARTA. Many parties scramble to get the block Siak. Chevron-owned blocks of contract will expire in 2013. In addition to Chevron, there are local enterprises and national employers who expressed interest to manage this block.

PT Chevron Pacific Indonesia requested the Executive Agency for Upstream Oil and Gas (BP Migas) to extend the exploration blocks Siak, Riau Province. U.S. origin oil producers have been handed an extension of his letter to BP Migas.
"Last September they were handed a letter to BP Migas," said Head of Institutional Relations and BP Migas, Elan Biantoro, Tuesday (18 / 1).
He said that Chevron's request was still being evaluated. "It is estimated that if there are other, more aggressive contractors can get this block," said Elan.

Siak blocks production only about 3,000 barrels per day (bpd).However, its contribution is large enough to Chevron's oil production by 384,000 bpd in Sumatra. "If there was a slight problem in Siak like pipe error, then the output Chevron could be disrupted," said Elan.

In addition to Chevron, Elan said a number of local enterprises in Riau also interested to take over the former CPI block is after the contract expired. "There are some enterprises that expressed interest in managing blocks of Siak after Chevron's contract runs out in 2013," said Elan.

Apart from Riau enterprises, national enterprises such as Bakrie and Medco also are interested in the former Chevron block this.Because the oil potential in the block is still pretty good.
Previously, General Manager of Government Policy and Public Affairs Chevron, Chevron Usman Slamet states still interested to extend the contract on Block Siak."Because the block has a strategic function to integrate the oil exploitation in Block Rokan," said Usman.