Page 8 - AsianOil Week 24 2021

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Pertamina signs new gas supply

deals, receives Mahakam green light

PROJECTS & INDONESIA’S state-owned Pertamina has The current licence for the block is set to
COMPANIES signed of a number of agreements this week, expire in 2023, though both Pertamina and Pet-
which it billed as important steps in its missions roChina have proposed jointly operating the
to help deliver upon the country’s 2030 oil and block after the deadline.
gas production targets. The second MoU was with Repsol for the
The state major said on June 17 that it had potential supply of gas from the Spanish major’s
signed two memoranda of understanding Sakakemang block, which is located in the south
(MoUs) on natural gas supplies as well as a joint of the island of Sumatra. Respol struck gas on the
upstream research agreement with subsidiary block in 2019 and declared it Indonesia’s largest
Pertamina Hulu Energi (PHE) and South Korea’s gas discovery in the past 18 years. The KBD-2X
POSCO International. It also noted that it had well has an estimated 2 trillion cubic feet
received regulatory approval for a revised plan of (56.64bn cubic metres) of recoverable resources.
development (POD) for the offshore Mahakam PHE president director Budiman Parhusip said
gas block. supplies from Sakakemang would help to meet
PHR’s operational needs after it assumed control of
On the dotted line the Rokan block from Chevron on August 9.
The agreements were signed during the Indo- “This MoU is valid for two years and will
nesian Petroleum Association’s (IPA) Pre-Event be used as a basis for discussions and studies
Investment Day 2021, which was hosted by the regarding the possibility of utilising the poten-
Indonesian Energy Ministry on June 17. tial supply of natural gas from the Sakakemang
Pertamina said it had signed an MoU with Block Working Area to fulfil gas needs at PHR.
Petrochina International Jabung (PIJL), Pet- This gas sale and purchase activity can be carried
ronas Carigali (Jabung), PHE Jabung, PT GPI out after PHR and Repsol Sakakemang obtain
Indonesia and Pertamina Hulu Rokan (PHR) approval letter for gas allocation from the gov-
on the potential sale and purchase of gas from ernment,” Parhusip said.
the Jabung block.
PHE Jabung president director Taufik Adit- Speedier resolutions
yawarman said: “This MoU will later become Speaking at the event, Energy Minister Arifin
our basis for discussing the sale and purchase of Tasrif said his department needed to work with
gas from the Jabung block with a volume of up to the Finance Ministry and upstream regulator
50,000 mmBtu [1.37mn cubic metres] per day, SKK Migas to speed up upstream policy deci-
which will be used by PHR starting on February sion-making in order to boost investor confi-
27, 2023 and valid for one year after the seller dence. Pertamina quoted him as saying there
signs the Jabung block co-operation contract was a need to implement more effective fiscal
with the Indonesia government.” policies quickly.

Image: Repsol

P8 www. NEWSBASE .com Week 24 17•June•2021