Page 15 - AsianOil Week 15 2021

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SOE minister inaugurates Pavilion imports Welltec seals exclusive

VLCC Singapore’s first carbon intervention deal with

After sailing since 9 February 2021 from neutral LNG cargo Petronas
JMU Ariake Shipyard, Japan, the Pertamina
International Shipping (PIS) Very Large Pavilion Energy has imported Singapore’s first Welltec has been awarded an exclusive three-
Crude Carrier (VLCC) Ship owned by carbon neutral LNG cargo. Carbon emissions year contract by global energy and solutions
Pertamina International Shipping (PIS) associated with the LNG cargo from well-to- company, Petronas. The agreement, which
as Pertamina’s Sub Holding has arrived tank including the extraction, production, officially commenced on April 1st, appoints
in Indonesia and is ready to support the transportation, and regasification will be Welltec as the sole provider of downhole
distribution of national energy supplies. offset. conveyance and powered mechanical services
This readiness was marked by the Pavilion Energy Singapore Pte. Ltd. in both East and West regions of Malaysia.
inauguration by the Minister of BUMN, Erick (“Pavilion Energy”) has imported a carbon “It’s a great team effort that has that has
Tohir on a ship that was berthed at Semangka neutral LNG cargo into Singapore – the first led to the award of this exclusive long-term
Bay, Kota Agung, Tanggamus Regency, for Singapore and Pavilion Energy. contract with Petronas, and Welltec has
Lampung on Thursday, April 15, 2021. Carbon emissions associated with the demonstrated a strong ability to deliver, even
During the inauguration, the BUMN LNG cargo from well-to-tank1 including though a challenging 2020, high quality
Minister was accompanied by Pertamina’s the extraction, production, transportation, services in a safe manner to the largest
President Director, Nicke Widyawati, PIS and regasification will be offset by retiring a assets in the country at a very cost-effective
President Director, Erry Widiastono and PIS corresponding amount of high-quality carbon rate,” Espen Dalland, Welltec Area VP for
President Commissioner, A. Junaedy Ganie. credits sourced from its portfolio of carbon the Asia-Pacific region, said. “This winning
Minister of BUMN, Erick Thohir expressed offset projects. combination is the foundation for Petronas
his appreciation for Pertamina’s efforts in The carbon credits used for the offset awarding us an even larger work scope for the
transforming and presenting value creation so are from Natural Climate Solutions projects next three years, where we will continue to
that it can become a global company. certified under the Verified Carbon deliver world-class technology and services.
According to Erick, the government fully Standard (VCS) and Climate, Community “This is the third new contract we have
supports Pertamina International Shipping’s and Biodiversity Standard (CCB) - Evio received from Petronas following awards in
steps to become an integrated Logistic and Kuinaji Ese’Eja Cuana in Peru and Liangdu 2014 and 2017, with an extension exercised
Marine Solution Company and a global player. Afforestation in China. Both projects are in 2019. This latest contract predominantly
“Pertamina must return to its heyday designed for the protection and restoration features the same scope of services but now
in the 70s, become a global player and be of forests, and promote co-benefits through the geographical scope has increased from
ready to compete based on Good Corporate supporting local communities and protecting previously just being East Malaysia, to also
Governance,” said Erick. biodiversity. include all assets in West Malaysia.”
PERTAMINA, April 15, 2021 PAVILION ENERGY, April 15, 2021 With the new deal covering the entirety

Week 15 15•April•2021 www. NEWSBASE .com P15