The Medco group sounded out the possibility of the merger with Pertamina

The Medco group sounded out the possibility of the merger with Pertamina of pushing the State Owned Company (BUMN) oil and the gas became the company of the world class. This matter was sent by the founder of the Medco Group, Arifin Panigoro in the public's lecture in the Institute of Teknologi Bandung (ITB), on Friday (31/10). "We must push Pertamina to the company of the world class like BUMN oil and gas from the other country in Asia," he said. According to him synergy of the two companies will push Pertamina entered among them 10 big BUMN oil and gas in Asia. At this time, said he, there was the trend in the world that the top player in the petroleum field was the company belonging to the country or the company that his share most were had by the country. BUMN oil and gas from various countries that became the world player including Petro China and CNOOC (China), SK Korea, Indian Oil (India), Nippon Oil (Japan), and PTT (Thailand). "Apparently the spirit" of the "Article 33 UUD 1945 was followed also by other countries so as BUMN him advanced," he said.
Therefore, Pertamina very opportune became the company of oil and gas of the world class that only did not become the top player in Indonesia but also carried out the exploration and the oil and gas service in various countries. Arifin said, with increasingly the decline in the oil reserve in Indonesia, the oil and gas company in the country still could not rely on this matter, but must carry out the expansion to the other country. "I saw the potential" for the "service perminyakan in the world was very big." That that was carried out by Medco in various countries in the Middle East, while bringing the Indonesian name, he said. He saw five countries with the biggest oil reserve in the world that is Saudi Arabia, Iran, Iraq, Kuwait, and the Union of the Arabian Emirate, that his reserve reached 716 billion barrel was the big potential. "Because of that must be looked for by the form" of the "co-operation mensinergikan the Pertamina strength and Medco so as to Indonesian Incorporated in the field perminyakan," he said. Acknowledged by Arifin, his side carried out the sounding out with the Management Pertamina at this time that he thought had the same point of view made Pertamina trap the world.