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SOUTHEAST ASIA indicates a fairly good level of Pertamina’s cracking technologies and flexible plant designs
resilience in overcoming the conditions to produce ethylene, propylene and other
Pertamina optimistic over impacted by the pandemic in 2020,” said byproducts from a variety of feedstocks.
Nicke.
KBR, December 7, 2020
profit for this year PERTAMINA, December 7, 2020
Pertamina ‘s performance continues to OCEANIA
increase positively so that it is optimistic that EAST ASIA
in 2020 it will generate a net profit of around Armour updates on Surat
USD 800 million and an EBITDA of more KBR technology
than USD 7 billion. work program
Previously, in Semester 1/2020, Pertamina Commissioned at Sinochem
had recorded a net loss. However, entering the The Board of Armour Energy is pleased to
second half of 2020, Pertamina made various petchem plant provide an update on the Surat 2020 Work
efforts to improve performance, in accordance Program which is being conducted on its
with the direction of the Minister of BUMN, KBR announced today the successful startup 100% owned and operated Kincora Gas
namely to carry out transformation, efficiency of Sinochem Quanzhou Petrochemical Co., Project.
and accountability consistently. So that at the Ltd.’s (Sinochem Quanzhou) 1,000 KTA Following delays due to the recently
end of 2020 it managed to score a net profit. ethylene plant in Quanzhou, Fujian Province, enacted COVID-19 quarantine measures
President Director of PT Pertamina China. The ethylene plant is part of Sinochem restricting personnel movements from
(Persero) Nicke Widyawati explained that Quanzhou’s grassroots integrated refining and South Australia, Armour has reestablished
even though the company was affected by the petrochemical complex. momentum on its 2020 Work Program and
triple shock due to the Covid-19 pandemic, In addition to licensing KBR’s Selective intends to complete all activities in December.
all business lines continued to move towards Cracking Optimum Recovery (SCORE™) On 8 Dec 2020 sand and fluids were
completing the 2020 target according to the ethylene technology, KBR supplied key cleaned out on Warroon #1 with a coiled
KPI set by Shareholders. proprietary components of the SCORE SC-1 tubing unit and the well is currently on test
Nicke said, Pertamina also manages debt in furnaces, which deliver high product yields. recovering frac fluid. The stimulated Rewan
an effort to maintain a healthy financial ratio, “We congratulate Sinochem Quanzhou on interval flared rates of up to 700 mcf/d on 9
the results show that the prognosis of the debt achieving this milestone, especially during Dec 2020. Flow rates are expected to increase
ratio at the end of 2020 is well maintained the global COVID-19 pandemic,” said Doug through clean-up operations and once the
with a trend that is still competitive compared Kelly, KBR President, Technology. “We are evalution phase is completed the well will
to other national and international oil and gas especially proud of the strong collaboration be connected to sales. As a final step, the
companies. With this financial position, three between both teams that allowed us to temporarily suspended Showgrounds interval,
international rating agencies, namely Moody’s, achieve a smooth startup within 24 hours of previously producing at approximately 400
S&P and Fitch, have again assigned Pertamina introduction of feedstock.” mcf/d, will be commingled with the new
to the investment grade rating at the baa2, KBR has been a leader in olefin plant design, Rewan production.
BBB and BBB levels respectively. construction and technology development The Company is very encouraged with the
“The assessment of the International for more than 50 years. KBR has licensed Warroon #1 Rewan results as it establishes the
Rating with the Investment Grade level shows more than 100 grassroots ethylene plants potential of a significant new pay zone with
that investor confidence remains high, and utilizing its cost-effective and energy efficient multiple additional candidates that has been

P22 www. NEWSBASE .com Week 49 10•December•2020