PT Pertamina Hulu Energi (PHE), a unit of Indonesia’s state oil and gas company PT Pertamina, signed a gas trade contract with PT Chevron Pacific Indonesia to support the national gas supply.
The commitment came after signing a gas sales agreement (GSA) worth U.S. $ 577 million. The contract also involves regional enterprises, such as PT Pembangunan Kota Batam (Batam Development Company) and PD Pertambangan dan Energi Provinsi Sumatera Selatan (PD Mines and Energy of South Sumatra province Company).
Allocation of gas is intended to 94,737 BBTU, PT Batam Development of 38,309 BBTU, PD Pertambangan dan Energi Provinsi Sumatera Selatan at 48,400 BBTU, and PT Chevron Pacific Indonesia for 8030 BBTU.
Gas production from the Jambi Block is the only block relied uponby the government from other oil and gas blocks in South Sumatera.
Gas production from Jambi Block will start 10 December. At this early stage, production is expected to reach 60 million cubic feet per day with a peak of 120 million cubic feet per day or 20,000 barrels of oil equivalent in July 2011.
To support the production preparation, PHE Jambi Merang preparing gas facilities on the River Kenawang with an investment of U.S. $ 242 million.
The allocation of gas to PD Pertambangan dan Energi Provinsi Sumatera Selatan destined to meet energy needs in the region surrounding the industry in South Sumatra and Jambi. The supply of gas to PT Batam Development will be used to meet electricity needs in Batam, especially in the industrial Free Trade Zone and Free Port Batam. The allocation of gas to Chevron will be used to support the CPP block oil production in Riau.
The big production is part of Pertamina’s effort to reach the target of 1 million barrels of oil per day in 2015.
The commitment came after signing a gas sales agreement (GSA) worth U.S. $ 577 million. The contract also involves regional enterprises, such as PT Pembangunan Kota Batam (Batam Development Company) and PD Pertambangan dan Energi Provinsi Sumatera Selatan (PD Mines and Energy of South Sumatra province Company).
Allocation of gas is intended to 94,737 BBTU, PT Batam Development of 38,309 BBTU, PD Pertambangan dan Energi Provinsi Sumatera Selatan at 48,400 BBTU, and PT Chevron Pacific Indonesia for 8030 BBTU.
Gas production from the Jambi Block is the only block relied uponby the government from other oil and gas blocks in South Sumatera.
Gas production from Jambi Block will start 10 December. At this early stage, production is expected to reach 60 million cubic feet per day with a peak of 120 million cubic feet per day or 20,000 barrels of oil equivalent in July 2011.
To support the production preparation, PHE Jambi Merang preparing gas facilities on the River Kenawang with an investment of U.S. $ 242 million.
The allocation of gas to PD Pertambangan dan Energi Provinsi Sumatera Selatan destined to meet energy needs in the region surrounding the industry in South Sumatra and Jambi. The supply of gas to PT Batam Development will be used to meet electricity needs in Batam, especially in the industrial Free Trade Zone and Free Port Batam. The allocation of gas to Chevron will be used to support the CPP block oil production in Riau.
The big production is part of Pertamina’s effort to reach the target of 1 million barrels of oil per day in 2015.
No comments:
Post a Comment