Pertamina Signs Gas Trade Contract with Chevron

TEMPO Interactive, Jakarta:PT Pertamina Hulu Energi Jambi ..." /> Pertamina Signs Gas Trade Contract with Chevron

TEMPO Interactive, Jakarta:PT Pertamina Hulu Energi Jambi ...">
Pertamina Signs Gas Trade Contract with Chevron

TEMPO Interactive, Jakarta:PT Pertamina Hulu Energi Jambi Merang has signed a gas trade contract with PT Chevron Pacific Indonesia to support the national gas supply.

The US$ 577 million or around Rp5.19 trillion contract also involves regional enterprises, such as PT Pembangunan Kota Batam (Batam Development Company) and PD Pertambangan dan Energi Provinsi Sumatera Selatan (South Sumatera Mining and Energy Company).

Gas production from the Jambi Block is the only block relied uponby the government from other oil and gas blocks in South Sumatera.

“There are numerous other KKKS (Cooperation Contract Contractor) there, but it seems that we are the most prepared for production so currently, our gas is highly expected,” said the Director of Pertamina Jambi Merang, Eddy Purnomo, in Jakarta yesterday.

Gas production from Jambi Bloc will start 10 December or at the same time as Pertamina’s 54th Anniversary.

Pertamina hopes that the initial production amounts to 60 million cubic feet per day with a peak of 120 million cubic feet per day or equal to 20.000 barrels of oil per day on next June.

The big production is part of Pertamina’s effort to reach the target of 1 million barrels of oil per day in 2015.

DANANG WIBOWO
<span style="font-size: 14pt"><span style="font-weight: bold">Pertamina Signs Gas Trade Contract with Chevron</span></span><br /> <br /> TEMPO Interactive, Jakarta:PT Pertamina Hulu Energi Jambi Merang has signed a gas trade contract with PT Chevron Pacific Indonesia to support the national gas supply.<br /> <br /> The US$ 577 million or around Rp5.19 trillion contract also involves regional enterprises, such as <span style="font-weight: bold">PT Pembangunan Kota Batam (Batam Development Company) </span>and PD Pertambangan dan Energi Provinsi Sumatera Selatan (South Sumatera Mining and Energy Company).<br /> <br /> Gas production from the Jambi Block is the only block relied uponby the government from other oil and gas blocks in South Sumatera.<br /> <br /> &ldquo;There are numerous other KKKS (Cooperation Contract Contractor) there, but it seems that we are the most prepared for production so currently, our gas is highly expected,&rdquo; said the Director of Pertamina Jambi Merang, Eddy Purnomo, in Jakarta yesterday.<br /> <br /> Gas production from Jambi Bloc will start 10 December or at the same time as Pertamina&rsquo;s 54th Anniversary.<br /> <br /> Pertamina hopes that the initial production amounts to 60 million cubic feet per day with a peak of 120 million cubic feet per day or equal to 20.000 barrels of oil per day on next June.<br /> <br /> The big production is part of Pertamina&rsquo;s effort to reach the target of 1 million barrels of oil per day in 2015.<br /> <br /> DANANG WIBOWO
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