Page 12 - AsianOil Week 41 2021

AsianOil NEWS IN BRIEF AsianOil

Aquadrill announces Elnusa signs MoU with
SOUTHEAST ASIA
Pertamina Gas Subholding contract award for the Samin MTS
meets Baloi PLTMG gas Capella PT Elnusa Tbk (Elnusa) signed a
Memorandum of Understanding (MoU)
needs Aquadrill and a subsidiary of Vantage with Samin MTS to collaborate on a
Holdings International have reached an
joint study of the Underwater Cutting
In the context of Pertamina Go Sustainable agreement to provide the Capella, an System Development Project and the
to support the resilience of the electricity MPD outfitted 6th generation drillship, Development of Decommissioning
sector, through PT PGN Tbk as Pertamina for a two well contract plus two priced Technology. The signing was carried out
Gas Subholding, it has fulfilled the gas needs optional wells for operations in Indonesia. at the 2021 Korea-Indonesia Offshore
for PLTMG Baloi, Batam through a steel pipe The rig will be contracted to Premier Congress (KIOC) and witnessed
infrastructure of 100 meters to PLTMG Baloi, Oil Andaman Limited for one well and directly by the Coordinating Minister
which can be completed in 4 weeks time. subcontracted to Repsol Andaman B.V for for Maritime Affairs of the Republic
The Baloi PLTMG which was built in a second well. of Indonesia Luhut Binsar Pandjaitan
March 2021 is part of PT PLN Batam which The total contract value for the firm and South Korean Minister of Maritime
will support the electricity system in the portion of the contract is expected to be Affairs and Fisheries Moon Seong Hyeok.
Batam and Bintan areas. The need for natural approximately $42 million and work is Both parties agreed to follow up
gas volume is gradually and in the fourth expected to commence in Q1 2022 following the joint research by participating in
quarter of 2021 it will be 1 - 5 BBTUD. the completion of its current contract, decommissioning projects held in Indonesia
The operation of the Baloi PLTMG will transitioning the rig to the new Manager, by applying the results of the joint research
increase electricity production up to 30 MW, relocation of the rig from Malaysia to that had been carried out. One of the
starting in December 2021 and reduce the use Indonesia and contract preparation. The decommissioning projects in question is
of oil-fired power plants. contract is expected to run into mid Q3 2022. the Abandonment and Site Restoration
The initial gas distribution was carried out In the event the options are exercised and (ASR) Project and it is possible that it will
at the end of September 2021 and sourced the work scope is similar to the firm wells, also be applied to other decommissioning
from ConocoPhilips (Grissik) Ltd. (CPNGL), the rig is expected to be available in late Q4 projects. Later, the results of the Cutting
with gas prices according to the Minister 2022 / early Q1 2023 and the total additional Tool System research will be carried out by
of Energy and Mineral Resources Decree contract value is expected to be approximately Elnusa’s subsidiary, Elnusa Construction
135/2021. $37 million. Fabrication.
PERTAMINA, October 14, 2021 AQUADRILL, October 13, 2021 PERTAMINA, October 14, 2021

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