Executive Summary

Key insights and market outlook

PT Pertamina Hulu Energi (PHE) Jambi Merang has transferred 10% of its Participating Interest (PI) in the Jambi Merang Working Area to PT Sumsel Energi Merang, a subsidiary of the Sumatera Selatan Provincial Government's State-Owned Enterprise (BUMD) ¹

. This move is in line with the regulations in the upstream oil and gas sector and aims to boost the local economy ².

Full Analysis

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Deep Dive Analysis

PHE Jambi Merang Transfers 10% Participating Interest to BUMD Sumsel

Background and Regulations

PT Pertamina Hulu Energi (PHE) Jambi Merang has officially transferred 10% of its Participating Interest (PI) in the Jambi Merang Working Area to PT Sumsel Energi Merang, a subsidiary of the Sumatera Selatan Provincial Government's State-Owned Enterprise (BUMD) ¹

. This move is in line with the regulations in the upstream oil and gas sector, specifically the Minister of Energy and Mineral Resources Regulation No. 31 of 2016, as amended by Regulation No. 1 of 2025 ².

Economic Impact and Cooperation

The transfer of PI is expected to have a positive impact on the local economy, as it will enable the BUMD to participate in the management of the oil and gas sector in the region ¹

. The cooperation between PHE Jambi Merang and PT Sumsel Energi Merang is also expected to contribute to the development of the local economy and improve the welfare of the community ².

References