Page 14 - AsianOil Week 23 2021

AsianOil NEWS IN BRIEF AsianOil

SOUTH ASIA buses plying between Vadodara and Kevadia / refinery to meet national energy needs.
Sabarmati Ashram. VLCC MT SC Enterprise will transport
IndianOil, Gujarat sign function, Chairman IndianOil Shri SM Vaidya Government’s share of cargo (850 thousand
Giving further details during the MOU
1 million barrels of crude oil which is the
petchem investment MOU said, “Today Gujarat is charting a new path of barrels) and BKS PI (150 thousand barrels).
prosperity. To power that journey, IndianOil’s
The achievement of the 700th lifting
The Chief Minister of Gujarat, Shri Vijaybhai Gujarat Refinery is now poised to grow to of the Cepu Block is cumulatively more
Rupani and Union Minister of Petroleum 18 MMTPA capacity. New units for the than 475 million barrels of oil, or higher
and Natural Gas & Steel, Shri Dharmendra production of Polypropylene, Butyl Acrylate than the estimated total volume of oil
Pradhan, today presided over an MOU and Lube Oil Base stocks will also be added to reserves produced during the initial Plan
signing ceremony for “Investment Promotion” the Refinery’s portfolio”. of Development (PoD) plan of 450 million
between the Government of Gujarat and These projects will enable large-scale barrels.
IndianOil for setting up a Petrochemical direct and indirect employment opportunity Head of SKK Migas Dwi Soetjipto
and Lube Integration (LuPech) Project and during the peak construction period and conveyed that the potential in the Cepu Block
Acrylics / Oxo Alcohol Project along with later for the operation of these facilities. in the future is large enough that production
other infrastructure projects at its Gujarat During the construction stage, around 125 capacity can be added after it was onstream
Refinery at Vadodara. million person-hours of employment will be one year ago, from 10,000 BOEPD to 11,000
The LuPech project will produce import generated. The total investment outlook for BOEPD. According to him, in the Cepu
substitutes like Lube Oil Base Stock (LOBS) these projects in different execution stages is Block it is estimated that there will be a
and Polypropylene. The Acrylics/Oxo Alcohol approximately Rs 24,000 crore. potential discovery of 40 million barrels of
Project at Dumad and Gujarat Refinery will INDIANOIL, June 7, 2021 oil, so a drilling test is planned. From the gas
manufacture value-added Butyl Acrylate, a aspect, there is also an opportunity for gas
key ingredient for paints, coatings, adhesives, monetization of 100 MMSCFD.
textile chemicals, plasticizer industry, and SOUTHEAST ASIA PERTAMINA, June 9, 2021
other similar products.
These projects will strengthen the Pertamina transports 700th Pavilion, bp Singapore sign
Corporation’s readiness for venturing into
petrochemical projects like PVC, Styrene, shipment of Cepu crude LNG supply agreement
Acrylonitrile, Poly-Methyl Methacrylate and
Ethylene Oxide in future. The Petrochemicals production Pavilion Energy Trading & Supply and bp
& Specialty products (Gr-II/III LOBS) Singapore have signed a long-term LNG
integration index based on additional crude Synergy in carrying out operations is again sale and purchase agreement (SPA) for the
oil added under this project is estimated to be realized by a subsidiary of PT Pertamina supply of approximately 0.8 million tonnes
20.7%. (Persero) in the 700th shipment of Cepu of LNG per year to Singapore for 10 years
MoU was also signed for Infrastructure Block crude oil production. from 2024.
facilities at Dumad for Koyali-Ahmednagar- Cepu Block crude oil in Bojonegoro Beyond the supply of LNG to Singapore,
Solapur Pipeline (KAhSPL) and Tank Truck produced by the PSC consortium, namely PT both companies will strive to co-develop
Loading facility for Linear Alkyl Benzene Pertamina EP Cepu (PEPC) and ExxonMobil and implement a greenhouse gas (GHG)
(LAB) - a feed-stock for detergent industries. Cepu Limited (EMCL), is then transported quantification and reporting methodology.
The other infrastructure projects envisaged through a 95-kilometer pipeline to Palang, The methodology will cover emissions from
are New Flare System at Gujarat Refinery and Tuban, and stored at the Gagak Rimang wellhead-to-discharge terminal and be
a Hydrogen dispensing facility for Fuel Cell FSO off the coast of Tuban, Java. East. principled on mutual transparency and the
Electric Vehicles (FCEV). IndianOil’s Gujarat Furthermore, crude oil is sent by VLCC adherence to relevant international standards.
Refinery will be implementing India’s first Success Enterprise (MT SC Enterprise) Mr Frédéric H. Barnaud, Group CEO
Hydrogen Dispensing Facility as a clean fuel operated by Pertamina International Shipping of Pavilion Energy, said, “This agreement
initiative. This facility aims to fuel Hydrogen to STS Tuban to be processed at Pertamina’s further strengthens our relationship with bp
as Pavilion Energy advances our strategies for
a lower carbon future, beginning with GHG
emissions quantification, reduction and offsets
for Singapore.”
Mr Eugene Leong, bp’s country president of
Singapore and CEO of trading & shipping Asia
Pacific & Middle East, said, “bp’s ambition is to
be a net zero company by 2050 or sooner and to
help the world get to net zero. We are excited to
enter into this agreement with Pavilion Energy
not only to supply the Singapore market with
LNG but also to co-develop a methodology to
quantify the carbon intensity associated with
the supply. We look forward to working with
Pavilion Energy in implementing this innovative
deal using bp’s LNG supply portfolio.”
PAVILION ENERGY, June 9, 2021

P14 www. NEWSBASE .com Week 23 10•June•2021