The two sides have been struggling to settle on a valuation for the project since last December. According to Thohir, the financial adviser they have hired is not yet ready to produce a valuation.
Emirati and Indonesian companies signed agreements worth a total of $9.7 billion during a state visit by the Abu Dhabi Crown Prince Mohammed bin Zayed to Indonesia.
The Abu Dhabi National Oil Company (ADNOC) and PT Pertamina have signed an agreement to cooperate in oil and gas projects in the UAE and Indonesia.
Abu Dhabi Mubadala Petroleum has signed a farmout agreement with Premier Oil for a 20% participating interest in the Andaman I and South Andaman Gross Split Production Sharing Contracts (PSCs) in Indonesia.
The UAE government is interested in investing in Indonesia and is also holding discussion with Pertamina on increasing investment and developing more oil and gas fields.
Indonesia's PT Pertamina Internasional EP (PIEP) aims at achieving a 10% growth in production from its oil and natural gas production fields in Algeria in 2019 and 2020.
Saudi Aramco Products Trading Company (ATC) and Indonesia’s Pertamina struck a gasoline supply deal, as Aramco looks to increase its presence in the Southeast Asian market.
The National Iranian Oil Company (NIOC) and Indonesia’s Pertamina are set to begin negotiations to renew a liquefied petroleum gas (LPG) contract.
