Jakarta. Total Exploration & Production Indonesie (TEPI), the local affiliate of French oil giant Total S.A., appointed Arividya Noviyanto as its new president and general manager, the company said in a statement.
Arividya took on his new position on Jan. 1, replacing Hardy Pramono, who had led TEPI since 2014 and is now retired.
Arividya was second in command at TEPI before his appointment as president, holding down the position of Vice President of Finance, Human Resources, General Services and Communication.
He joined TEPI as a Senior Cost Controller in 1994 and has held many important positions in the oil and gas giant, including as its Paris-based Finance Advisor for Northern Europe.
"TEPI's main priority this year is to contain the decline in production at our Mahakam block. We want to ensure a smooth transfer of the Mahakam block to Pertamina," Arividya said in a press statement on Thursday (05/01).
TEPI is the operator of the Mahakam block and has a 50 percent participating stake in it. The remainder of the shares in the block is controlled by Japan's Inpex.
The contract to operate the block will end by Dec. 31, 2017. TEPI has held control of the block for nearly 50 years.
The government of Indonesia has appointed Pertamina Hulu Mahakam, a unit of state energy company Pertamina, as the block's new operator starting Jan. 1, 2018.
Despite their age, TEPI claims the block's oil and gas fields have maintained their rate of production.
Last year, the block produced an average of 1.64 billion cubic feet per day (bfcd) of gas and 53,000 barrels of oil-equivalent per day (bod) of oil and condensate.
This year, TEPI expects the Mahakam block to produce 1.43 bcfd of gas and 53,000 bod of oil and condensate.