PT Pertamina Returns to Iraq Oil Field

Indonesian state-owned oil and gas firm PT Pertamina is seeking the possibility to develop again an oil field in Iraq which it used to operate years ago, so as to boost dwindling oil production, an official said here on Tuesday.

President Director of PT Pertamina Karen Agustiawan said that the firm had developed oil block 3 in western desert in Iraq since 2002 that has proven oil reserve of three billion barrels.

But the works was terminated since the United States waged the Iraq War a year later.

“Currently we are looking for an opportunity to cooperate with Iraq to redevelop block 3 in western desert,” she said.

The director also said that the firm also sought the possibility to operate at another oil block of Tuba.

On Monday Iraqi Deputy Prime Minister for Energy Hussain Ibrahim Saleh Al Shahristani met with Indonesian Vice President Boediono at the Vice Presidential office and asked Indonesian firms to invest in oil and gas exploration and development in Iraq.

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