	indonesia oil contract negotiations end this month negotiations between indonesia s state oil company pertamina and foreign oil contractors on extension of the standard year production sharing contract will be concluded by the end of this month a pertamina official said jumardi jukardi head of pertamina s foreign contractors coordinating board gave no details about the outcome of the talks but pertamina president abdul rachman ramly has said priority will be given to extending contracts for companies whose exploration and production contracts expire within the next seven to years jukardi speaking to indonesian reporters said the negotiations would determine whether the production sharing split in favour of pertamina would be adhered to or altered in some cases as oil companies are asking for hardjoko seputro spokesman for the mines and energy ministry has said that president suharto has agreed in principle to extension of the standard year production sharing contract to reflect better current depressed conditions on the international oil market reuter 
