Page 18 - AsianOil Week 20 2021

AsianOil NEWS IN BRIEF AsianOil

(PAF), which is an indicator of the reliability
of refinery operations on operational
planning, has also been successfully increased
to almost 100%, higher than the RKAP
version of around 99%,” explained Djoko.
The second factor is related to the
efficiency of refinery operating costs, Djoko
continued, that energy use is controlled
until the figure is below the RKAP target.
The energy intensity index for production at
refineries or the Energy Intensity Index (EII)
is recorded at 108.6, lower than that set in the
RKAP which is almost 109. For EII realization
figures, the smaller the better.
PERTAMINA, May 19, 2021

EAST ASIA

China to boost Turkmen gas

(WK) B to PT Pema Global Energi (PGE) Pertamina’s processing, imports
on Monday, 17 May 2021 at 23.59 WIB, in
a ceremony held at Point A Main Office in petrochemical performance China intends to expand natural gas imports
Sumbok Rayeuk Village, Nibong District, from Turkmenistan as it cuts back on
North Aceh Regency, Aceh Province. exceeds Q1 target Australian energy imports, the South China
The transfer of management of WK B Morning Post has reported.
was carried out based on Letter No. SRT- Since becoming Pertamina’s subholding The development would be welcome news
0104 / BPMA0000 / 2021 / B0 from the company for the refining and petrochemical for the natural gas export-reliant Turkmen
Head of the Aceh Oil and Gas Management business, PT Kilang Pertamina Internasional economy, which has been crippled by the
Agency (BPMA) to the Managing Director (KPI) has continued to strive to record global COVID-19 pandemic and associated
of PHE NSB dated May 1, 2021 who also positive performance. In the first quarter of restrictions. China is making further cuts to
submitted the Decree of the Minister of 2021, PT KPI successfully recorded operating energy imports from Australia as bilateral
Energy and Mineral Resources (ESDM) performance that far exceeded the target of relations between Beijing and Canberra
Number 76.K / HK.02 / MEM.M / 2021 the RKAP (Work Plan and Company Budget). continue to deteriorate. At least two of China’s
concerning Management Agreement and There were several main factors driving small liquefied natural gas (LNG) importers
Determination of Basic Forms and Conditions this positive performance, including refinery have been ordered by the authorities to halt
of Cooperation Contracts in Work Area B, optimization and operational cost efficiency. new purchases from Australia over the next
dated April 26, 2021. These provisions are This was disclosed by the President Director year.
cost recovery sharing contracts, in which PGE of PT KPI, Djoko Priyono, at a presentation “China sees Turkmenistan as a long-
as the contractor will serve with a contract on the performance of the first quarter of 2021 term cooperative partner on natural gas,
period of 20 years. which was attended by PT KPI employees in and is willing to formulate a comprehensive
WK B consists of 3 gas fields on land early May. cooperation plan with the Turkmenistan side
that are actively producing, namely the Djoko revealed that refinery optimization with a future-oriented perspective,” Chinese
Arun field with 44 active wells, the South is carried out by producing high valuable Foreign Minister Wang Yi said, according to a
Lhoksukon A field with 2 active wells, products in accordance with the movement foreign ministry statement.
and the South Lhoksukon D field with 8 of the crack spread (the difference between The ministry said China and Turkmenistan
active wells. Gas production reached 55 the price of crude oil as raw material and the agreed to “further consolidate and expand
MMscfd and condensate 868 barrels per day. price of products produced by the refinery). cooperation in natural gas, and create a full
The Cooperation Contract (KKS) for the “Refinery optimization is also carried out in industry chain strategic partnership in the
management of WK B was first signed on the process of procuring crude (crude oil). energy sector”.
September 1, 1967 with Mobil Oil Indonesia We are given flexibility in processing the BNE INTELIINEWS, May 14, 2021
as a PSC Contractor which was valid until state’s share of crude in order to provide better
October 3, 1998. During this period Mobil refinery profitability. “ explained Djoko.
Oil merged with Exxon, so that it changed its According to Djoko, this optimization OCEANIA
name to Exxon Mobil Oil Indonesia (EMOI). effort succeeded in making the product yield
The KKS was subsequently extended to 3 or Yield Valuable Product (YVP) above the Carnarvon provides Bedout
October 2018. However, on 3 October 2015 target. The percentage of production of high
WK B was transferred from EMOI to PHE value products, such as fuel oil (BBM) and exploration update
NSB, who served as an operator in CA B until petrochemical products, reached a realization
the end of the KKS term on 3 October 2018. of above 79%, higher than the target in the Carnarvon Petroleum Limited is pleased to
Since then, RKAP of around 78%. advise that the Archer 3D seismic acquisition
PERTAMINA, May 18, 2021 In addition, “Plant Availability Factor is progressing as planned.

P18 www. NEWSBASE .com Week 20 20•May•2021