Kepodang Field supplies gas again

 

    The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) stated that the Kepodang Field, Muriah Block, returned to flow gas since last February. This gas supply is around 20 million standard cubic feet per day / Mmscfd. 

Blogger Agus Purnomo in SKK Migas

    SKK Migas Operations Deputy Julius Wiratno said that the gas supply from the Kepodang Field has been flowing since some time ago to PLTGU Tambaklorok owned by PT PLN (Persero).

Kepodang Field

"We have returned gas from the Kepodang Field some time ago at a rate of around 15-20 MMscfd," he said.

    This was also confirmed by the Regional Business Director for Java, Madura, and Bali PLN Haryanto WS.

"It is true, the gas from the Kepodang Field has been flowing again," he said.

    Kepodang Field, Blok Muriah started producing 56 MMscfd of gas for the first time at the end of August 2015. This gas supply is supplied by the Kalimantan-Java (Kalija) I pipeline managed by PT Kalimantan Jawa Gas (KJG) to the Tambak Lorok in Semarang Center Java Steam Gas Power Plant (PLTGU) belongs to PLN. 

Blogger Agus Purnomo In Petronas PC Ketapang II

    However, in July 2017, Petronas stated that the Kepodang Field was in force majeure because reserves did not match predictions.

    This field gas production was then stopped on September 23, 2019. PT Saka Energi Indonesia then received permission from SKK Migas to restart gas production in the Kepodang Field.

    In the future, his party cannot confirm whether the gas production at Kepodang Field can be increased. The reason is that the field development plan is still being discussed by Saka Energi.

"Regarding the next development plan, we are still evaluating it by considering Saka's potential," he said.

    Director of Strategy and Business Development, Syahrial Mukhtar, once revealed that the Kepodang Field has the potential to produce natural gas on average around 15 billion British thermal units per day / BBTUD for 37 months since the first gas flow (gas in).

    This supply is planned to be channeled to PLTGU Tambak Lorok in Semarang and industrial customers in Central Java with a total volume of around 10-20 Mmscfd. PGN has been involved in managing the Kepodang Field, Muriah Block from the start through Saka Energi Muriah Limited (SEML) with a 20% PI ownership.

Blogger Agus Purnomo in PGN Saka Energi Muriah Limited

    However, Petronas Carigali Muriah Limited (PCML) and SEML have signed a legal document for the transfer of Petronas' participating interest or Deed of Assignment (DoA) participating interest shares at the end of January. Thus, now SEML holds 100% participating rights in the Muriah Block.

Investor Daily, Page-9, Saturday,  March 20, 2021

Two Upstream Oil and Gas Projects Will Soon Onstream

    The Special Task Force for Upstream Oil and Gas Business Activities or SKK Migas stated that two projects will start producing in March and April 2021.

    Deputy for Operations of SKK Migas Julius Wiratno said that at the end of March 2021 there would be additional projects to complement domestic crude oil production and the Belato field.

Blogger Agus Purnomo In SKK Migas

    The project is being carried out by the cooperation contract contractor Belida Sele Raya Merangin Dua in Jambi, South Sumatra.

“One well added and a simple tie-in with a flowline. The production is around 500-800 barrels of oil per day, ”he said.

    He emphasized that there are projects that will increase domestic production very large. At the end of April 2021, SKK Migas targets the East Sepinggan Merakes project to be onstream. The project operated by Eni East Sepinggan ltd. It is targeted to increase domestic gas production by around 350 MMscfd-400 MMscfd. The project started in 2019 with an investment of US $ 1.3 billion.

Eni

    The project was delayed last year due to the Covid-19 pandemic. The main obstacle to working on the project was restrictions on the movement of goods and human resources. Later, the gas produced from the Merakes field will be flowed to the Bontang LNG refinery to fulfill existing market commitments.

the Merakes field

    Throughout 2021, SKK Migas targets as many as 12 upstream oil and gas projects to operate. That number is an increase of one project compared to last year's target of 11 projects.

"The project value is the US $ 354 million and the potential for additional oil production is 27,000 barrels of oil per day and gas 492 MMscfd," said Julius.

    PT Perusahaan Gas Negara Tbk. (PGN) will build a pipeline interconnection connecting the South Sumatra West Java transmission pipeline with a length of 1,000 km to the West Java Area transmission pipeline with a length of 525 km.

    PGN's Director of Infrastructure and Technology Redy Ferryanto said that through the integration of the transmission pipe, gas from the Sumbagtengsel gas field in the SSJW I-Bojonegara-Cikande-Bitung pipeline will be connected to Bitung Station on a WJA pipe with a pipe size of 24 inches.

    Work on the interconnection of the 1.4 km pipeline will start in March 2021 and is targeted to be completed in the fourth quarter of 2021.

"Bitung Station will supply gas from SSWJ with a maximum capacity of approximately 165 BBtud for the gas needs of Pupuk Kujang Cikampek [PKC] and the Balongan Refinery Unit, as well as a source of supply to anticipate the natural decline in gas supply in the western Java production field," he said.

 Bisnis Indonesia, Page-4, Friday,  March 19, 2021

Tangguh LNG Operators are 85% from Papua

 

    Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif reiterated the Government's commitment that in 2029, as many as 85% of the operator workforce at Tangguh LNG will come from Papua. This was conveyed by the Minister of Energy and Mineral Resources while attending the Graduation Ceremony of the BP Berau Papuan Technician Apprentice Program, which was held virtually.

BP

    Arifin also expressed his appreciation to the Cooperation Contract Contractor (KKKS) BP Berau for the dedication given to carrying out the apprenticeship program, especially for these children from West Papua.

"It is hoped that the graduates will succeed in becoming part of the Tangguh LNG operation so that it will have an impact on the welfare of the family and also the communities around Tangguh LNG operations in particular and the people of West Papua in general," said Arifin.

Blogger Agus Purnomo in SKK Migas

    Also attending the event were Director General of Oil and Gas Tutuka Ariadji, Deputy Head of SKK Migas Fatar Yani, Deputy Governor of West Papua Mohamad Lakotani, Regent of Teluk Bintuni Petrus Kasihiw, and BP Regional President of Asia Pacific Nader Zaki. 

    With the increasing number of domestic children taking part in the oil and gas industry, the Minister hopes that it can have a real impact on improving the performance of the local oil and gas industry.

    Since this apprenticeship program began in 2016, to date, 71 participants have completed the apprenticeship program, of which 68 have worked at Tangguh LNG. The graduates in this third period have gone through a three-year training period. The knowledge and skills learned are not only beneficial in operating the Tangguh LNG plant, but also for various refineries in Indonesia and abroad.

"Through a three-year apprenticeship program, I hope that the participants will be able to meet the high standards required of a professional in the oil and gas industry," he added.

    The Minister of Energy and Mineral Resources also asked the graduates not to become complacent. On the other hand, they must continue to improve their respective abilities so that one day they will not only become operators but also become one of the leadership ranks or even become experts in various domestic and foreign oil and gas companies.

Investor Daily, Page-9, Thursday,  March 18, 2021

Gas Supply from Kepodang Field Has Been Flowing

 

    Gas distribution from Saka Energi Muriah Ltd (SEML) 's Kepodang Field to meet the gas needs of the Tambak Lorok Power Plant in Central Java Province has started in February 2021. Acting Head of Program and Communication Division of SKK Oil and Gas (SKK Migas) Susana Kurniasih revealed the distribution gas that was previously delayed has been resumed.

Blogger Agus Purnomo in SKK Migas

"The flow has started since February, to be precise February 19, 2021," said Susana.

    Susana continued that the gas distribution volume for the Tambak Lorok Semarang Gas Power Plant (PLTG) is around 8 billion British Thermal Units per Day (BBTUD) to 10 BBTUD. SKK Migas Operations Deputy Julius Wiratno confirmed that the distribution of gas from the Kepodang Field has been carried out.

"Everything is channeled to PLN according to production which is only about 20 MMSCFD," explained Julius Wiratno.

Blogger Agus Purnomo in Petronas Carigali 

    The Muriah Operatorship has shifted from Petronas Carigali Muriah Ltd (PCML) to Saka Energi Muriah Limited (SEML). After the legal document for the transfer of the participating interest or Deed of Assignment (DoA) was signed by the two contractors at the end of January last year. 

Kepodang Field

    Kepodang Field is part of the Muriah Work Area, which is located off the coast of East Java. This field started producing natural gas for the first time of 56 million cubic feet per day (MMSCFD) at the end of August 2015.

Kontan, Page-13, Wednesday,  March 17, 2021

Pertamina Remains Resilient

 

    PT Pertamina (Persero) became one of the few global oil and gas companies that were able to score a net profit throughout 2020. Last year, Pertamina was able to reverse its loss position in the first semester of 2020. Profits from the Indonesian government-owned oil company are said to reach Rp. 14 trillion at the end of the year.

Nicke Widyawati

"Efforts are being made to increase the productivity of upstream oil and gas and refineries, as well as efficiency in all fields, namely cutting the Opex by 30% and prioritizing the investment budget," said Pertamina President Director Nicke Widyawati.

Exxonmobil

    A number of global oil and gas companies have experienced different conditions. Over the past year, Shell recorded a loss of US $ 21.68 billion or around Rp 303 trillion, Exxonmobil US $ 22.44 billion or around Rp 314 trillion, Chevron US $ 5.5 billion or around Rp 77 trillion, BP US $ 20, 3 billion or around Rp. 284 trillion, and Petronas 21 billion ringgit or around Rp. 73.5 trillion.

BP

    Meanwhile, Petrobras earned a profit of US $ 1.1 billion or around Rp 15 trillion, while Pertamina is claimed to have earned a profit of US $ 1 billion or around Rp 14 trillion over the past year. 

    ExxonMobil CEO Darren Woods said last year, the company was facing market conditions that were more challenging than they had experienced before. The effects of the Covid-19 pandemic will significantly affect performance results in 2020.

"We are responding decisively to fixing our fee structure permanently," he said.

Chevron

    Chevron CEO Mike Wirth said that when market conditions deteriorated last year, his side quickly cut capital spending by 35% from 2019 and lowered operating costs. In 2020, Chevron will also increase renewable energy production and increase investment in low-carbon technology. 

    Energy Watch Executive Director Mamit Setiawan assessed that last year was a grim period for the global oil and gas industry, including at home, due to pressure from the Covid-19 pandemic.

Bisnis Indonesia, Page-4, Wednesday,  March 17, 2021

Chevron Delivers Rokan Block Data to the Government

 

    Ahead of the transfer of management, PT Chevron Pacific Indonesia (CPI) as the current operator of the Rokan Block has completed a large number of asset data collection and submitted production, exploration, and operational activity support data to the Government of Indonesia through the Special Task Force for Upstream Oil and Gas Business Activities. (SKK Migas). Chevron has also started sharing this data with PT Pertamina Hulu Rokan (PHR) as the next Rokan Block operator.

PT Chevron Pacific Indonesia (CPI)

"Our company is committed to carrying out the transition process of the Rokan Block in a safe, reliable, and smooth manner so that this block continues to provide optimal benefits for the country and the people of Indonesia. 

    In the future, we hope that the process of transferring the management of the Rokan Block can become one of the points of reference for the transfer of other oil and gas working areas in Indonesia, "said PT CPI's Corporate Communication Manager Sonitha Poernomo.

Sonitha Poernomo

    From August 2020 until now, PT CPI has submitted all data included in the termination checklist to SKK Migas. The data includes those related to geology and geophysics, licensing, standard operating procedures (SOP), production facilities, land, goods and services contracts, human resources, and community development programs. 

Blogger Agus Purnomo in SKK Migas

    Chevron has completed submitting the data ahead of schedule to support a smooth transition process. Chevron also coordinates intensively with SKK Migas and PHR to discuss various technical aspects of the transition process. Chevron is also trying to maintain the Rokan Block oil and gas production.

"Last year we were still able to meet the production target set by the Government," said Sonitha.

    In addition, Chevron has also started an incremental drilling program at the end of December 2020 in accordance with the Heads of Agreement (HoA) with SKK Migas which was signed in September last year.

the Rokan Block

"The HOA is critical to slowing down the rate of decline in natural production before the end of the Rokan Block management transfer period and will continue to meet Indonesia's energy needs," said Sonitha.

    President Director of PT Pertamina Hulu Energi (PHE) Budiman Parhusip is committed to transferring employment to Chevron workers in the Rokan Block with conditions that have been mutually agreed upon with related parties. In addition, his party has also collaborated with several universities in Riau, including for Social and Environmental Responsibility (TJSL) activities.

    The TJSL program will be prioritized to improve the independence of the Riau people in the fields of education, health, economy, and environmental preservation. Planning for the TJSL program also involves local governments.

"As for the Local Business Development (LBD) program which is currently being built and implemented by the CPI, it will first be discussed further.

    Coordination with CPI is needed to obtain 260 LDB contract schemes and data before the socialization is carried out, "said Budiman.

Investor Daily, Page-10, Tuesday,  March 16, 2021

The Government and DPR Guard over Management of the Rokan Block

 

    The government together with the House of Representatives (DPR) are closely monitoring the process of transitioning the Rokan Block from PT Chevron Pacific Indonesia (CPI) to PT Pertamina (Persero) in August 2021. Management of one of the largest oil blocks in Indonesia is expected to maintain production and provide great benefits. for the people of Riau and Indonesia in general.

PT Chevron Pacific Indonesia (CPI)

    The Director-General of Oil and Gas, Tutuka Ariadji, expressed his support for the management transfer process facilitated by the Upstream Oil and Gas Special Task Force (SKK Migas) in accordance with the prevailing regulations.

Blogger Agus Purnomo In SKK Migas

"I hope that the Rokan Block production can be maintained, even increased. "We have identified other potentials in the Rokan Block that have not been developed by PT CPI and are a hope for an increase in oil and gas production in the future," said Tutuka before visiting the Minas Field at Balai Serindit, Pekanbaru City.

    Commission VII in the field of energy, the House of Representatives (DPR) Alex Noerdin, who leads the Oil and Gas Working Committee between the Government and the DPR, emphasized that the transfer of management is proceeding smoothly.

"God willing, the transfer of management of the Rokan Block will run smoothly, and most importantly it will provide great benefits for the people of Riau and this republic," said Alex.

    With this transfer of management, it is hoped that it can increase regional income and the standard of living of the community. Alex also asked the Riau Regional Government to be involved in the Rokan Block Management Transfer Team. 

    Riau Governor Syamsuar hopes that oil and gas production from the Rokan Block can be maximized because this regional income is very dependent on oil and gas revenue sharing.

"For example, the oil and gas revenue sharing is modest, we are in trouble. Meanwhile, on the other hand, the development of oil and gas infrastructure, such as roads which are the responsibility of the provincial government, has not been completed, "he said.

    For this reason, the Riau Regional Government strongly supports the smooth management of the Rokan Block and is committed to facilitating and maintaining a safe and conducive situation in the transition to Pertamina. Syamsuar stated the readiness of BUMD and local companies in business-to-business cooperation and as vendors or contractors in all sectors, both operators and supporters.

"We also emphasize on PHR to conduct information disclosure for Pertamina's workforce needs," he said.

    He also emphasized that the Riau Regional Government is ready to help facilitate licensing during this transition of management transfer. Deputy for Planning of SKK Migas Jaffe Suardin explained, to hold back the decline rate of oil and gas production in the Rokan Block, drilling investment has been carried out since January 2021. 

    The Rokan Block definite work commitment for 2021-2026 is US $ 500,000,000, consisting of an exploration program of US $ 142.3 million and the exploitation program (EOR) of US $ 357.7 million. The current progress of managing the Rokan Block related to technical and operational data migration has reached 80%.

the Rokan Block

    Meanwhile, the Chemical EOR has reached 50%, where CPI and PHR continue to work together in accelerating data transfer, conversion models, solving issue surfactants, and reinstatement SFT-2 facilities. For contract management, the progress has reached 60% where 236 of the total 393 existing contracts have been mirrored. Procurement of rig and material for 115 wells reached 100%, while 77 wells reached 10%.

PHR

    Regarding employment, 70% has been completed where an agreement has been reached for the transfer of employees between PT CPI and PHR. PHR will also continue its social and environmental responsibility programs. This program is prioritized to increase the independence of the Riau people in the fields of education, economy, and environmental conservation. Program planning will involve local governments.

Investor Daily, Page-10, Monday,  March 15, 2021

Pertamina imports LPG from the UAE Oil and Gas Company

 

    PT Pertamina (Persero) signed a cooperation agreement with an oil and gas company from the United Arab Emirates (UEA), Abu Dhabi National Oil Company (ADNOC). Through this cooperation, Pertamina will import LPG from ADNOC, responding to the increasing demand for gas.

ADNOC

    Director of Central Marketing & Commerce of PT Pertamina Patra Niaga Hasto Wibowo said the national demand for LPG in 2022 is estimated to reach 8.3 million tons, then increase to 9.12 million tons in 2023, and increase again to 10.01 million tons in the year 2024. Through cooperation with ADNOC, Pertamina ensures the safety of the national LPG supply which is projected to continue to increase every year.

"Currently, the balance of national LPG import needs reaches 6 million tons per year. Hopefully, with this cooperation Pertamina can expand supply sources and maintain supply stability," said Hasto.

    Hasto explained that this cooperation is one of the procurement strategies for bundling LPG and petrochemical products that are purchased directly from producers. This agreement is also possible to be extended every year, subject to an evaluation before the end of the agreement.

"It is hoped that this collaboration can create long-term collaboration opportunities for LPG and petrochemical products by of course still paying attention to developments in the petrochemical business," said Hasto.

    With this cooperation, the Ambassador of the Republic of Indonesia to UEA Husin Bagis hopes that in the future there will be more collaboration between the two companies.

Surya, Page-7, Wednesday,  March 10, 2021

Pertamina: Imports from UAE keep LPG Supply

 

    PT Pertamina (Persero) has agreed on a sale and purchase agreement for Liquefied Petroleum Gas (LPG) with the Abu Dhabi National Oil Company (Adnoc) for the next four years. This cooperation is to ensure the supply of LPG in Indonesia.

Adnoc

"Currently, the balance of national LPG import needs reaches 6 million tons per year. The hope is that with this cooperation Pertamina can expand supply sources and maintain supply stability, "said Director of Central Marketing & Commerce of PT Pertamina Patra Niaga SH C&T Pertamina Hasto Wibowo.

    Hasto explained that the national demand for LPG is estimated to reach 8.30 million tonnes in 2022. Furthermore, it will increase again to 9.12 million tonnes in 2023, and 10.01 million tonnes in 2024. Hasto said the cooperation agreement is likely to be extended every time. the year. In addition, an evaluation is carried out before the agreement ends.

"This cooperation is one of the procurement strategies for bundling LPG and petrochemical products that are purchased directly from the producer. It is hoped that this cooperation can create long-term collaboration opportunities for LPG and petrochemical products, "said Hasto.

    Senior President International Relations Adnoc Salem Raheb Al Meheiri welcomed the strategic cooperation with Pertamina.

"As one of the largest producers of LPG, crude oil, and petrochemicals in the world, Adnoc guarantees that it will supply products reliably to Indonesia," said Salem.

    The Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan explained that the collaboration between Pertamina and Adnoc is one of the seven collaborations between Indonesia and the UAE signed at the Indonesia-Emirates Amazing Week 2021 event.

"These are all first steps to build better relations between the two countries and we will continue to support each other's economic growth in Indonesia and the UAE," said Luhut.

    The seven cooperation agreements in question are mangrove cooperation with the UAE, a memorandum of understanding (MoU) of cooperation in the creative economy, technical arrangements for a world conference on the creative economy, and a joint venture between Dubai Port (DP) World and PT Maspion in the construction of a container port. packing in East Java.

    Other collaborations are the world logistic passport agreement, the MoU between PT Pindad-Caracal, Pertamina-Adnoc, and the Lulu Lease Agreement financing agreement.

Suhail Al Mazrouei

    UAE Minister, Energy, and Infrastructure Suhail Al Mazrouei explained that currently, the governments of the two countries are sitting together to identify investment areas that can not only be worked on together between governments, but also the private sector.

"This is still the first step. Of course, we hope that this cooperation together can boost the economic growth of the two countries," said Suhail.

     Suhail said the LPG and sulfur sales contract will last for four years with an annual contract value of US $ 500 million. Thus, the estimated contract value will be the US $ 2 billion over the next four years.

“The LPG contract together with sulfur is a four-year contract and that's about 500 million dollars a year, so the contract is 2 billion dollars over four years and between 2 billion-2.2 billion US dollars depending on the price. So, it can be renewed, "said Suhail.

Republika, Page-9, Monday,  March 8, 2021

Pertamina and ADNOC LPG Contract Worth IDR 28 Trillion

    PT Pertamina has signed a partnership with an oil company from the United Arab Emirates, Abu Dhabi National Oil Company (ADNOC), for the supply of Liquefied Petroleum Gas (LPG) worth US $ 2 billion or Rp 28 trillion (exchange rate of Rp 14,000 per US dollar).

ADNOC

    Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan said that this cooperation is one of seven cooperation agreements signed by the Government of Indonesia and the Government of the United Arab Emirates.

"These are all first steps to build better relations between the two countries and we will continue to support each other's economic growth in Indonesia and the United Arab Emirates," Luhut said at the 2021 Indonesia-Emirates Virtual Press Conference.

Suhail Al Mazroui

    The Minister of Energy and Infrastructure of the United Arab Emirates Suhail Al Mazroui explained that the LPG contract is a full years contract for the next four years.

"More than US $ 500 million per year and a total of around US $ 2 billion. This is substantial considering the four-year contract," he said.

    Suhail added that in the future, Indonesia would be a priority for investment activities in the United Arab Emirates. In addition, a number of collaborations that have been agreed upon are the first steps in a series of cooperation between the two countries in the future. 

    However, both parties have not disclosed further about the volume of LPG that will be supplied by ADNOC to Pertamina.

Kontan, Page-13, Monday,  March 8, 2021

Pertamina Ensures Imported LPG Supply

    PT Pertamina (Persero) and Abu Dhabi National Oil Company or ADNOC, the Abu Dhabi oil and gas company, United Arab Emirates, signed an LPG sale and purchase agreement. 

ADNOC

    Director of Central Marketing and Commerce of PT Pertamina Patra Niaga-a subsidiary of Pertamina-Hasto Wibowo said the agreement was to ensure the safety of LPG supply in Indonesia, whose demand is increasing per year.

    According to Pertamina, the demand for LPG is estimated at 8.3 million tons in 2022, then 9.12 million tons in 2023, and an estimated 10 million tons in 2024.

"Currently, Indonesia's demand for LPG imports is 6 million tons per year," he said.

113 Rokan Block Licensing Completion Needs Local Government Support

 

    PT Pertamina Hulu Rokan (PHR) must complete 113 permits as part of the transfer of management of the Rokan Block from PT Chevron Pacific Indonesia (CPI). Support from the local government is needed to complete this permit before the transfer of management occurs on August 9, 2021.

PT Chevron Pacific Indonesia

    Head of the Formality Division of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) Didik Sasono Setyadi expects full support from the local government in the process of licensing over the management of the Rokan Block. 

Blogger Agus Purnomo in SKK Migas

    This is because if the transition to management and operation of this block goes well, it will have a positive impact, especially for state finances. He hopes that the management transfer permit process will run smoothly and operations will not be disrupted.

"The smooth operation of the Rokan is very beneficial for state finances. We all as government officials have the responsibility to carry out the interests of the state, "he said.

Temporary officials

Head of SKK Migas Representative of North Sumatra, Haryanto Syafri, added that all parties related to the transfer of management permit process must have the same perception. This is because operations in the Rokan Block cannot stop.

"And we will continue to comply with all rules and regulations," he said.

    Permits processing will begin to be processed by fulfilling all administrative requirements and are expected to take effect starting August 9, 2021. The permits currently managed by Chevon Pacific Indonesia can still be used until their expiry date before being renewed by Pertamina Hulu Rokan. 

    Head of the Riau Province Investment and One-Stop Integrated Service (DPMPTSP) Helmi D revealed that the Riau Provincial Government (Pemprov) strongly supports and appreciates PHR activities. On the other hand, PHR is asked to continue to communicate effectively in the context of harmonizing licensing.

"So we, together with the district and city governments, will accelerate how this function transfer and licensing changes can be carried out properly, so that later on August 9 there will be no obstacles," said Helmi.

    Meanwhile, Regional Secretary Kampar Yusri will carry out parallelization of licensing with the Riau Provincial Government.

"Because the Provincial Government and the Kampar Regency Government are one roof, if the province has given a sign, the regency will just follow suit," he said.

Investor Daily, Page-10, Monday,  March 8, 2021

Pertamina Imports LPG and Sulfur from UAE Oil and Gas Companies

 

    PT Pertamina Patra Niaga, the commercial and commercial subholding of PT Pertamina (Persero), has signed a purchase agreement for Liquefied Petroleum Gas / LPG and sulfur with the Abu Dhabi National Oil Company (ADNOC).

ADNOC

    The signing was carried out by Pertamina Vice President Trading and Other Business Patra Niaga Maya Kusmaya with ADNOC Senior President International Relations Salem Raheb Al Meheiri during the Indonesia-Emirates Amazing Week (IAEW) Business Forum last weekend. 

    The signing was witnessed directly by the Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Panjaitan and the United Arab Emirates Minister of Energy and Infrastructure Suhail Al Mazroeui.

Suhail Al Mazroeui

    Suhail said that the LPG and sulfur supply contract to Pertamina is valid for four years. The contract value reaches US $ 500 million per year or a total of US $ 2-2.2 billion depending on the price. This contract can also be extended. In fact, the opportunity for other deals is also open.

"We will always be committed and support Indonesia and all its requirements. If we do have supplies, Indonesia will always be a priority, ”he stressed.

    Pertamina's Central Marketing and Commerce Director Patra Niaga Hasto Wibowo said this cooperation ensures the safety of the national LPG supply which is projected to continue to increase every year. In the next year, the national demand for LPG is estimated at 8.3 million tons and will increase to 9.12 million tons in 2023 and then reach 10.01 million tons in 2024.

"Currently, the balance of national LPG import needs reaches 6 million tons per year. We hope that with this cooperation Pertamina can expand supply sources and maintain supply stability," he said.

    This agreement can be extended annually with still being evaluated before the agreement ends. This cooperation is one of the procurement strategies for bundling LPG and petrochemical products that are purchased directly from producers.

"It is hoped that this collaboration can create long-term collaboration opportunities for LPG and petrochemical products by of course still paying attention to developments in the petrochemical business and referring to the national energy mix policy as stated in the RUEN (National Energy General Plan)," added Hasto.

Investor Daily, Page-10, Monday,  March 8, 2021

Pertamina Partners with ADNOC to Ensure LPG Supply

 

    Pertamina signed the LPG and Sulfur Sales Confirmation Agreement which ensures Pertamina gets a supply of LPG and Sulfur from the Abu Dhabi National Oil Company (ADNOC). 

    The signing was carried out by Vice President Trading & Other Business Sub Holding Commercial & Trading (SH C&T) PT Pertamina (Persero), Maya Kusmaya with ADNOC Senior President International Relations, Salem Al Meheiri in the Indonesia Business Forum - Emirates Amazing Week (IAEW) activity and witnessed directly by the Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Panjaitan and the Minister of Energy and Infrastructure of the United Arab Emirates (PEA), Suhail Al Mazroeui.

    National LPG demand in 2022 is estimated to reach 8.30 million tons, increasing to 9.12 million tons in 2023, and 10.01 million tons in 2024. Director of Central Marketing and Commerce PT Pertamina Patra Niaga, SH C and T PT Pertamina (Persero), On the same occasion, Hasto Wibowo said that this collaboration ensures the safety of the national LPG supply which is projected to continue to increase every year.

"Currently, the balance of national LPG import needs reaches 6 million tons per year. We hope that with this cooperation Pertamina can expand supply sources and maintain supply stability," said Hasto.

    Hasto added, it is possible for this agreement to be extended every year, while still being evaluated before the agreement ends.

"This collaboration is one of the procurement strategies for bundling LPG and petrochemical products that are purchased directly from the producer. It is hoped that this collaboration can create long-term collaboration opportunities for LPG and petrochemical products by of course still paying attention to developments in the petrochemical business and referring to the national energy mix policy as stated in the RUEN, "added Hasto.

ADNOC

    Meanwhile, ADNOC Senior President International Relations, Salem Raheb Al Meheiri, welcomed the strategic partnership with Pertamina.

"As one of the largest producers of LPG, crude oil, and petrochemicals in the world, ADNOC guarantees that it will supply products reliably to Indonesia," he explained.

    The Indonesian Ambassador to PEA, Husin Bagis also positively welcomed the signing by Pertamina and ADNOC.

"From the Embassy of the Republic of Indonesia, we hope that the realization of this cooperation in the field of LPG and Sulfur supply can open up opportunities for other collaborations such as petrochemicals and other downstream industries in the future," he concluded.

Duta Masyarakat, Page-6, Monday,  March 8, 2021

Ensuring LPG Supply, Pertamina Collaborates with ADNOC

 

    Pertamina ensures that it gets LPG and Sulfur supplies from the Abu Dhabi National Oil Company (ADNOC) after Pertamina signs the LPG and Sulfur Sales Confirmation Agreement, the signing of the collaboration between the Vice President Trading & Other Business Sub Holding Commercial & Trading (SH C&T) PT Pertamina (Persero), Maya Kusmaya with ADNOC Senior President International Relations, Salem Al Meheiri in the Business Forum Indonesia - Emirates Amazing Week (IAEW), witnessed directly by the Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Panjaitan and the United Arab Emirates (PEA) Minister of Energy and Infrastructure ), Suhail Al Mazroeui.

ADNOC

    Meanwhile, the national demand for LPG in 2022 is estimated to reach 8.30 million tons, increasing to 9.12 million tons in 2023 and 10.01 million tons in 2024. 

    Director of Central Marketing & Commerce PT Pertamina Patra Niaga, SH C&T PT Pertamina (Persero), Hasto Wibowo revealed that this collaboration ensures the safety of the national LPG supply which is projected to continue to increase every year.

"Currently, the balance of national LPG import needs reaches 6 million tons per year. Hopefully, with this cooperation Pertamina can expand supply sources and maintain supply stability," said Hasto.

Bhirawa, Page-10, Monday, March 8, 2021