Page 11 - AsianOil Week 19 2021

AsianOil NEWS IN BRIEF AsianOil

SOUTH ASIA SOUTHEAST ASIA are owned and leased, as well as managing
six ports and terminals for oil-based fuel and
Cairn commences Minister of State-Owned LPG. “With Pertamina International Shipping
being inaugurated as Pertamina’s subholding,
production from Rajasthan Enterprises announces all ship assets, facilities and six ports and
fuel and LPG terminals are managed by PIS.
oil project Pertamina’s first shipping What PIS manages is 750 fleets of which 540
are self-owned, and the rest is leased,” she
Cairn Oil & Gas, Vedanta Limited, India’s subholding concluded.
largest private oil and gas exploration In the short-term, PT PIS plans to
and production company, has achieved a State-Owned Enterprises (SOE) Minister, participate in the green gasification project,
significant milestone by starting production Erick Thohir, unveils PT Pertamina (Persero)’s with a consortium of 52 power plants owned
from its NA #01 facility in Aishwariya Barmer first shipping subholding company, PT by PT PLN (Persero). The company will
Hills in Rajasthan. The project is a first in Pertamina International Shipping (PT PIS). implement efficient processing of energy
Cairn’s tight oil portfolio with a growth Minister Thohir made the announcement cargoes, including refined Liquefied Natural
potential to contribute 20% to the company’s during an inauguration ceremony on Gas (LNG) and Liquefied Petroleum Gas
vision production Wednesday, May 5, 2021. (LPG) to ensure a green and future-ready
The project has been executed in The Minister stated that the inauguration infrastructure for a prosperous Indonesia.
collaboration with leading global oilfields was the first big step for PT PIS to further PERTAMINA INTERNATIONAL SHIPPING, May
services company, Schlumberger. It took strengthen its position in the energy and 6, 2021
more than 900 days and over 3 million marine logistics sectors.
man-hours to complete the entire surface “With the official inauguration of Pertamina, Bukit Asam and
facility, including activities like hot work, Pertamina Group’s first sub-holding company,
equipment erection, hydro testing, hot I hope PT PIS will embolden the sector to Air Products agree on coal
tapping, commissioning, electrical system develop further and improve PT PIS position
charging, tie-in with a live existing facility, and as a global leader,” said Thohir. gasification project
well hookup. More than 600 contractors and The inauguration ceremony was held in
50 contractor engineers, in addition to Cairn’s the Yudhistira Room, Patra Jasa Building and PT Pertamina (Persero), PT Bukit Asam Tbk.
engineers worked tirelessly to complete the attended by SOE Minister, Erick Thohir; SOE (PTBA), and Air Products & Chemicals, Inc.
facility. Deputy Minister, Pahala Mansury; President (APCI) ensures that the coal gasification
Speaking about the project, Prachur Sah, Director of Pertamina, Nicke Widyawati; project to Dimethyl Ether (DME) continues
Deputy CEO, Cairn Oil & Gas, Vedanta Ltd., President Commissioner of Pertamina to reduce dependence on imports of
said, “The ABH tight oil project is yet another International Shipping A. Junaedy Ganie; and Liquid Petroleum Gas (LPG). This is in
example of our commitment to growing Subholding Shipping’s Board of Directors. line with efforts to achieve energy security
India’s E&P sector through the deployment of Pertamina’s President Director, Nicke and strengthening the green economy in
advanced technologies. It is also a testament Widyawati, said “the announcement Indonesia as directed by the President of the
to India’s hydrocarbons potential, wherein we demonstrates the company’s commitment to Republic of Indonesia, Joko Widodo.
have been successful in enhancing production a strategic plan designed to integrate PT PIS’ This National Strategic Project will be
from ageing fields. We will continue to business with advanced shipping management carried out in Tanjung Enim for 20 years, by
explore ways in which we can add to domestic and comprehensive business marine logistics.” bringing in foreign investment from APCI
production of crude oil and advance the Widyawati added that after officially of USD 2.1 billion or equivalent to IDR 30
nation towards energy self-sufficiency.” becoming Pertamina’s Subholding Shipping, trillion. With the utilization of 6 million tons
CAIRN OIL & GAS, May 12, 2021 now PIS manages 750 vessels, of which 540 of coal per year, this project can generate 1.4
million DME per year to reduce LPG imports
by 1 million tons per year so as to improve
the trade balance. In addition, this project
is expected to provide a multiplier effect,
including attracting other foreign investment,
and through the use of the TKDN portion in
the project it can also empower the national
industry by absorbing local labor.
The certainty of the continuation of the
gasification project was marked by the signing
of the DME Development Cooperation
Agreement Amendment between Pertamina,
PTBA and APCI which took place in Los
Angeles, United States and Jakarta, Indonesia
(11/5/2021) by Pertamina President Director
Nicke Widyawati, President Director of PTBA
Suryo Eko Hadianto and President & CEO of
APCI Seifi Ghasemi, witnessed by Minister
of State-Owned Enterprises (BUMN) Erick
Thohir. On the same occasion, the DME

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