Page 13 - AsianOil Week 42 2021

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SOUTHEAST ASIA Previously, at the online press conference on which can meet the gas demand of 10 million
the Performance of Upstream Oil and Gas in households every day.
Pertamina upstream the third quarter of 2021, SKK Migas, which was Wen 13 West and Bai 9 gas storage facilities in the
In addition, Sinopec will have commissioned its
conducted online (19/10), it was stated that SKK
subholding ups domestic Migas’ TKDN commitment reached 58% with a Zhongyuan oilfield area by the end of the year, after
total procurement of goods and services of US$ 2.6
completing construction and gas injection, which
component value billion above the target. 57% preset. will add an estimated gas storage capacity of 1.116
billion cubic meters and strengthen the company’s
PERTAMINA, October 22, 2021
Pertamina’s Upstream Subholding has gas storage and peak peaking capacities.
succeeded in recording the Domestic Gas storage is an underground “natural gas bank”
,
Component Level Value (TKDN) of 62.35% EAST ASIA an energy infrastructure integrating seasonal peak
as of September 2021. This value is verified capping, emergency gas supply in the event of an
directly by Surveyor Indonesia and Sucofindo Sinopec commissions accident and national strategic energy reserves. As
from procurement in all Zones and Regions the share of natural gas continues to grow in China’s
under the Upstream Subholding which is northern China’s largest energy consumption structure, peaks and troughs
divided into TKDN for goods and services. in natural gas supply as well as seasonal differences
“The priority of TKDN in Upstream gas storage cluster are increasingly important. Gas storage can “deposit”
Subholding aims to fulfill compliance aspects excess natural gas in the market and “tap” in the event
with applicable regulations, as well as support The Wei 11 gas storage facility built by of a shortage of supply during the winter heating
government programs in order to increase Sinopec in its Zhongyuan Oil Field area season to achieve peak peaks of natural gas.
national capacity and multiplier effect for the entire successfully completed its first gas injection SINOPEC, October 19, 2021
domestic industry,” said Oto Gurnita, Director on October 18, marking the start of official
of Human Resources & Business Support for operation of northern China’s largest
Upstream Subholding (21/21). 10). underground natural gas storage group. OCEANIA
Pertamina’s Upstream Subholding The gas storage facility has a capacity of 10.03
continues to strive to increase TKDN by billion cubic meters and will become a strong Preliminary Results from
implementing TKDN implementation starting resource guarantee for gas storage and peak winter
from the planning stage, the procurement to spring peak in northern China and the Yellow Velkerri 76 S2-1 Well – Very
process stage, until the contract termination River basin, while ensuring a stable gas supply.
stage in order to comply with regulations and Sinopec’s gas storage cluster in Zhongyuan Encouraging
fulfill TKDN achievements in accordance with the now has three blocks, Wen 23 , Wen 96 and Wei
targets set by the Government. 11 . The Wei 11 gas storage facility, which is now Falcon Oil & Gas Ltd. is pleased to announce
“The achievement of Pertamina’s operational, is a key element in establishing the that drilling of the Velkerri 76 S2-1 vertical
Subholding Upstream TKDN of more than natural gas storage cluster which will reach 10 appraisal well has been completed, with the
62% is a form of Pertamina’s support for the billion cubic meters. The block is located at the well drilled to a vertical total depth of 2,129
TKDN commitment in the upstream oil and junction of Henan and Shandong provinces and metres in the Beetaloo Sub-Basin, Northern
gas sector set by SKK Migas. We will continue has a nominal capacity of 1.009 billion cubic Territory, Australia with our joint venture
to do our best to increase the value of domestic meters. The largest daily peak-cutting capacity of partner, Origin Energy B2 Pty Ltd., a wholly
components,” added Oto. Wei 11 gas storage facility is 5 million cubic meters, owned subsidiary of Origin Energy Limited.

Week 42 21•October•2021 www. NEWSBASE .com P13