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The vessel, which is able to run on both LNG well has entered its final phase before producing steel sector and the industrial sector at 125.45
and marine diesel oil, is currently being built gas. We hope that this continued operation can BBTUD. Of this amount, 277,555 BBTUD will
to the proprietary MTD 7500U LNG design run safely and smoothly, in accordance with be supplied by Pertamina EP and 41.1 BBTUD
developed by Keppel O&M’s technology arm, our commitment to safety standards. For this from PHE ONWJ.
Keppel Marine and Deepwater Technology reason, we pray for the JTB Project to run safely, PERTAMINA, May 30, 2020
(KMDTech) for cleaner and safer bunkering safely and smoothly until the on-stream target is
activities. Key features of the vessel include achieved by 2021.”
high manoeuvrability which enables bunkering PERTAMINA, May 31, 2020 OCEANIA
without tug assistance, compatibility with a
wide range of vessels, as well as propulsion and Pertamina signs domestic Extension to Armour
power management systems that optimise fuel
consumption. The vessel has a filling rate range gas agreements agreement
of up to 1000m3 of LNG per hour and is able to
supply LNG to various types of vessels at heights Pertamina through its upstream subsidiary, Oilex is pleased to announce that the
ranging from 3m to 23m above water level. Pertamina EP and Pertamina Hulu Energi company and Armour Energy have agreed
FUELNG, June 1, 2020 (PHE) agreed on the sale of natural gas that the date for the satisfaction of the
amounting to 318.65 Billion British Thermal conditions precedent for the proposed sale
PEPC moves forward on JTB Units per Day (BBTUD) for domestic industry of all of its interests in the Cooper-Eromanga
needs according to Ministerial Decree (Kepmen) Basin has been extended from 31 May 2020 to
gas project ESDM Number 89 Year 2020. 5 June 2020.
This agreement was signed virtually by
On 28 May 2020, the company announced
Another achievement step was achieved by Pertamina EP Managing Director and PHE a conditional binding Heads of Agreement
Pertamina EP Cepu (PEPC) in the Jambaran- Managing Director before Energy and Mineral (HOA) with Armour, an ASX-listed company,
Tiung Biru (JTB) Gas Project, successfully Resources Minister Arifin Tasrif last week. for the proposed sale of all of its interests in the
completing the completion phase in Wellpad According to the ESDM Ministerial Decree, Cooper-Eromanga Basin to Armour (Proposed
Jambaran East drilling activities, which was this agreement is valid until 2024 and can be Transaction).
carried out from the 6th April - May 25 2020. extended again. The proposed transaction is subject to the
This completion stage is the process of Pertamina Corporate Communication Vice satisfaction of various conditions precedent,
installing tubing and all its accessories, including President, Fajriyah Usman stated, the agreed including completion of due diligence by
the X-Mass Tree to regulate the flow or flow volume of natural gas reached 26.7 percent of Armour and execution of definitive transaction
of gas production later. The wells that have the total 1,188 BBTUD stipulated in the Minister documentation between Armour and Oilex in
been completed and are ready for perforation of Energy and Mineral Resources. respect of the proposed transaction. The HOA
/ perforation of the production zone include 4 “Pertamina has agreed on the sale of natural sets out that these conditions precedent need to
(four) Wells in Jambaran East Wellpad namely gas for three main sectors namely fertilizer, steel be satisfied by 31 May 2020, herein amended to
JAM-3, JAM-4ST, JAM-5ST and Hours-8. The and industry. With this agreement it is hoped 5 June 2020.
perforation work will later be carried out by that it can support the development of domestic Whilst both the board of directors of Oilex and
rigless operation. industries facing the new normal and have a Armour are confident that the conditions precedent
Director of PT Pertamina EP Cepu positive effect on driving the national economy, will be satisfied, there can be no guarantee that they
Jamsaton Nababan stated: “This completion is “said Fajriyah. will be, and therefore no guarantee that the proposed
an important step in the development of the Fajriyah detailed, for the fertilizer sector, the transaction will complete.
Jambaran-Tiung Biru Gas Field well, because the volume reached 183.2 BBTUD, the 10 BBTUD OILEX, June 1, 2020

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