10% Rokan Block’s Ownership Transfer to Riau Province Proves Pertamina's Commitment to Accelerate the Region’s Advancement

Jakarta, June 28, 2023 – As a form of compliance with regulations and commitment to improving the communities’ welfare in the region, Pertamina has transferred 10% Participating Interest (PI) or ownership from the RokanWorking Area (WK) and Kampar WK to Riau Province.

The Riau Province’s Regional Owned Enterprises (BUMD) involvement in managing the Rokan and Kampar WKs proofsthat Pertamina can collaborate with the Local Government to achieve the best Oil and Gas Block performance. 

It was marked by the Transfer and Management Agreement for 10% Participating Interest (PI) signing between PT Pertamina Hulu Rokan (PHR) and PT Pertamina Hulu Energi (PHE) Kampar with PT Riau Petroleum Rokan (RPR) and PT Riau Petroleum Kampar (RPK) as the Regional Owned Enterprises (BUMD) and Regional State-Owned Companies (PPD) appointed by Riau Province to manage the PI in the Rokan and Kampar WKs. The agreement signing took place in Jakarta on Tuesday (27/06).

President Director of Pertamina (Persero), Nicke Widyawati, stated that Participating Interest is equivalent to ownership. Thus, a portion of the profits from the Rokan Block will also become Riau Province’s revenue. 

"With this transfer, it will foster a sense of shared ownership. Thus, a portion of the Rokan profits will also become the region’s revenue, directly impacting Riau’s people welfare improvement," said Nicke. 

Vice President of Corporate Communication of PT Pertamina (Persero) stated that the ownership transfer to the Local Government follows the regulatory provisions stipulated in the Minister of Energy and Mineral Resources (EMR) Regulation Number 37 of 2016 concerning the Offering of 10% Participating Interest in Oil and Gas Working Areas.

"This transfer of ownership demonstrates Pertamina's commitment to involving the Local Government in the Oil and Gas Block’s management. This is a historic day for the Rokan Block, as it is the first PI for this block," said Fadjar.

Fadjar also stated that BUMD and PPD involvement in the Oil and Gas Block management could provide opportunities for the region to obtain significant benefits economically by increasing regional revenue and enhancing human resources capacity in the local area in managing the Oil and Gas Block in their region. 

"As a State-Owned Enterprise, Pertamina will always be present to provide energy and benefits for the economic and social progress of the communities in its operational areas," emphasized Fadjar.

Pertamina, as a leading company in the energy transition, is committed to supporting the Net Zero Emission 2060 target by continuously promoting programs that directly impact the Sustainable Development Goals (SDGs) achievement. All these efforts align with Environmental, Social & Governance (ESG) implementation across all Pertamina's business lines and operations.**