State-owned energy giant Pertamina has begun constructing three oil and gas rigs worth US$105 million in the gas-rich offshore Mahakam Block to boost domestic production. Pertamina, through upstream subsidiary PT Pertamina Hulu Mahakam (PHM), signed a deal with engineering contractor PT Meindo Elang Indah on July 27 to have the rigs built by the fourth quarter of 2021.
