Indonesia’s Pertamina seeks advisor to help sell down upstream oil and gas assets

Indonesia’s national energy company Pertamina is seeking an advisor to farm-out its upstream assets in the southeast Asian nation. Significantly, the company is seeking to sell down interests in five upstream assets that it operates.

Pertamina Hulu Energi (PHE), an upstream sub-holding of the state energy company, has sent letters to investment banks about its intention, according to sources, reported Petromindo.