Page 18 - AsianOil Week 21

AsianOil
NEWS IN BRIEF
AsianOil
S O U THEAST ASIA
Pertamina completes 2D maritime seismic survey
Pertamina through its subsidiary Pertamina Hulu Energi (PHE) Jambi Merang has successfully conducted a 2D Regional Seismic Sea Survey in open areas along 23,063 km
or 77% (as of May 25, 2020) from a target of 30,000 km. The largest seismic survey in Asia Pacific and Australia in the last 10 years is expected to find new oil and gas reserves and become a giant discovery for Indonesia.
This achievement was conveyed by Pertamina Upstream Director Dharmawan H. Samsu to the Head of the Special Task Force for Upstream Oil and Gas (SKK Migas) Dwi Soetjipto during the Management Walkthrough (MWT) virtually on the Elsa Regent ship in eastern Indonesian waters, Tuesday (26) / 5).
Head of SKK Migas Dwi Soetjipto stated, Indonesia has 128 basins and only 21 basins have been produced and 38 basins are still being explored. The rest, there are more than 70 basins that have not been touched to become Indonesia’s potential oil and gas reserves.
“This seismic survey, for SKK Migas, has a very important meaning in encouraging the achievement of national oil and gas production targets,” Dwi said.
According to Dwi, SKK Migas fully appreciates Pertamina Group, in this case PHE and Elnusa, who have supported
the implementation of this activity. Dwi considered that Elnusa, a subsidiary of Pertamina as a ship operator, had pioneered this survey well and was in line with
high K3LL standards, but at optimal and competitive costs.
PERTAMINA, May 28, 2020
B.Grimm acquires Thai LNG shipper licence
B.Grimm Power would like to inform that on May 27, 2020 B.Grimm LNG Limited (a 100% subsidiary of the company) acquired LNG Shipper license from the Energy Regulatory Commission (ERC) in the amount of 650,000 tonnes per year for supplying the LNG to the company’s combined cycle power plants from 2022. The use of LNG is expected to support the fuel cost management for electricity generation.
B.GRIMM, May 27, 2020
EAST ASIA
MOL, LNG Terminal
Wilhelmshaven to build and
charter LNG terminal ship
MOL (Mitsui O.S.K. Lines) and LTW (LNG Terminal Wilhelmshaven) have signed a contract to build and charter an LNG terminal ship — known in the industry as a Floating Storage and Regasification Unit (FSRU) -
for the planned LNG landing terminal in Wilhelmshaven on the North Sea. LTW is the project developer and operator behind the future LNG terminal in Wilhelmshaven and a fully owned subsidiary of Uniper S.E. The FSRU will be built in a shipyard belonging
to South Korean company DSME (Daewoo Shipbuilding Marine Engineering Co., Ltd., Geoje, Korea), and then chartered by LTW for 20 years. It has been planned and custom designed by the two contracting parties in accordance with the local and environmental requirements for the German market and the Wilhelmshaven site.
The FSRU constitutes the heart of the future terminal and will make it possible
to offload, store and regasify LNG for the German market. It will be moored off the coast not far from Wilhelmshaven and will handle incoming LNG tankers there. The regasified gas will then be pumped from the FSRU along a short connecting pipeline under the sea to the port facilities and finally fed
into the German gas transmission network. This eliminates the need to construct complex regasification facilities on land. This optimized planning will minimize the environmental impact both on land and on the seabed by a non-disruptive crossing of the natural habitat identified in the environmental studies.
MOL, May 27, 2020
OCEANIA
Warrego raises $15 million via two-tranche placement
Warrego Energy is pleased to announce that it has received commitments for a $15 million two-tranche placement to institutional and sophisticated investors at an offer price of $0.13 per fully paid ordinary new share under the company’s listing rule 7.1 capacity.
The placement was oversubscribed
with both existing and new institutional investors (located domestically and offshore) participating in the transaction. Proceeds from the placement will be used to fully
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Week 21 28•May•2020