The Indonesian government has moved to reclaim its prolific Rokan oil block from Chevron in 2021 when its contract is set to expire, it will then turn it over to state-run Pertamina, according to a government official. Chevron Pacific Indonesia is just the latest oil major casualty in Indonesia’s determination to nationalize its natural resources, including oil. Chevron is now joining the likes of Total, which was edged out of its Mahakam block earlier this year. Total jointly operated the block with Japan’s INPEX—a fifty-year collaboration that ended when its license expired in December 2017. Pertamina, who then took control of the block, offered Total and INPEX a production sharing contract, but Total declined the offer . Despite its push to nationalize its resources, Indonesia failed to hit its desired production and investment targets for oil and gas in H1 2018. The H1 investment target was $14.2 billion , […]