Page 12 - AsianOil Week 31 2021

AsianOil NEWS IN BRIEF AsianOil

SOUTH ASIA (Persero) signed a Memorandum of difficult to produce their oil and gas if they are
Understanding with PT Krakatau Bandar not supported by qualified drilling activities.
IOC financial performance Samudera (Krakatau International Port) optimal drilling performance is closely related
In the Indonesian oil and gas industry,
concerning bunkering low sulfur marine fuel
Q1 2021-22 oil (MFO) at Krakatau International Port, to PT Pertamina Drilling Services Indonesia
Merak.
(PDSI). At the age of 13 years, PDSI has
Indianoil-Q1-Financial-Results-for-FY- Central Marketing and Commercial completed hundreds of drilling activities in
2021-22IndianOil reported Revenue from Director of PT Pertamina Patra Niaga the very good category (operation excellence).
Operations of Rs 1,55,056 crores for the first SH C&T, Hasto Wibowo welcomed this The performance of this subsidiary of
quarter of Financial Year 2021-22 as compared collaboration. Pertamina since 2020 has Pertamina under the auspices of Subholding
to Rs 88,939 crores in corresponding quarter produced MFO low sulfur which complies Upstream Pertamina cannot be separated
of Financial Year 2020-21. The Net Profit for with IMO Regulations with a maximum from the strength of its investment in rigs
the quarter ended 30th June 2021 is higher at sulfur limit of 0.5%. and equipment. PDSI has 47 rigs consisting
Rs 5,941 crores as compared to Rs 1,911 crores “With the potential of the low sulfur MFO of 45 land rigs and 2 marine rigs of several
during the corresponding quarter of previous Market in Merak estimated at 54 million types, namely mechanical, electrical, cyber
financial year mainly on account of inventory USD/year, the spirit of this program must be conventional, cyber skidding, and cyber
gains and better petrochemical margins started immediately, it is hoped that in the walking.
during current period. next 6-12 months there will be many ocean Of the 47 PDSI rigs, six rigs are PDSI
IndianOil Chairman, Mr. S.M. Vaidya, going ships bunkering in the Sunda Strait,” investments for the year 2020/2021. Four rigs
said, “IndianOil sold 20.325 million tonnes said Hasto. are land rigs, two are marine rigs.
of products, including exports, during the Hasto continued, this MFO bunkering Regarding marine rigs, both are cyber-type
first quarter of financial year 2021-22. Our business cooperation is sure to maximize rigs. The development of cyber technology on
refining throughput for Q1 2021-22 is 16.719 economic potential through Marine Fuel the rig is fully carried out by PDSI officers and
million tonnes and the throughput of the Bunkering services at various strategic ports is specifically designed for workovers at PHE
Corporation’s countrywide pipelines network in Indonesia. In addition, this synergy will OSES.
is 19.875 million tonnes during the same further improve the profile of Indonesian In addition to the type, the capacity of the
period. The gross refining margin (GRM) ports as well as strengthen Indonesia’s energy 47 rigs also varies according to the type of
during the first quarter of FY 2021-22 is $6.58 posture, especially the provision of 180 service and services of PDSI, starting from
per bbl as compared to $(1.98) per bbl in centistockes (cSt) Low Sulfur MFO Vessel 250-750 HP (horse power), 1000 HP, 1500 HP,
corresponding quarter of previous financial Fuel. and 2000 HP.
year. The core GRM for current period after PERTAMINA, August 5, 2021 PERTAMINA, August 5, 2021
offsetting inventory loss/ gain comes to $2.24
per bbl.” PDSI fleet rig ready to Jadestone debuts as new
IOC, July 30, 2021
support 2030 production upstream investor and
target operator in Malaysia
SOUTHEAST ASIA
Pertamina, Krakatau Port Rig fleet whose technology is adapted to Jadestone Energy Holdings Ltd, a subsidiary
market needs is the key for PDSI to maintain
of Singapore-based Jadestone Energy
establish low sulfur MFO its existence and prove its resilience, even plc (Jadestone) has become the latest
during the pandemic which caused a triple
upstream investor in Malaysia through
bunkering business shock for upstream oil and gas activities. its acquisition of SapuraOMV Upstream
(PM) Inc (SapuraOMV PM), a subsidiary
For the upstream oil and gas industry,
Pertamina Patra Niaga, Sub Holding drilling is the core of production. Even oil of SapuraOMV Upstream Sdn Bhd
Commercial & Trading PT Pertamina and gas blocks with great potential tend to be (SapuraOMV).
SapuraOMV PM holds participating
interests in producing assets located offshore
Peninsular Malaysia, namely the AAKBNLP,
PM318, PM323 and PM329 Production
Sharing Contracts (PSC). The company is the
operator of PM323 and PM329 PSCs.
Jadestone is listed on the Alternative
Investment Market (AIM) of the London
Stock Exchange and has operatorship
experience in oil and gas fields across the
Asia-Pacific region.
PETRONAS Senior Vice President of
Malaysia Petroleum Management, Mohamed
Firouz Asnan said, “We welcome Jadestone’s
debut in Malaysia’s upstream sector. This is a
testament that the country remains attractive
with diverse investment opportunities

P12 www. NEWSBASE .com Week 31 05•August•2021