Page 12 - AsianOil Week 25 2021

AsianOil NEWS IN BRIEF AsianOil

SOUTHEAST ASIA gas produced by EMP Bentu Ltd is utilized by EAST ASIA
various strategic industries and communities
SKK Migas extends Bentu in Riau Province. Inpex tackles Akita oilfield
SKK MIGAS, June 17, 2021
block licence leak
The government has again entrusted the Petronas comments On June 20 at approximately 5:40 a.m.
management of the Bentu Block oil and on exclusion from J.P. (JST), a crude oil leak occurred from a
gas field to EMP Bentu Ltd for the next 20 flowline under the control of Inpex’s Akita
years. With this extension, EMP Bentu Ltd Morgan’s ESG Indices Field Office located in Akita City, Akita
will manage the Bentu Block until May 19, Prefecture. All production wells using the
2041. EMP Bentu Ltd is a subsidiary of PT Petronas wishes to state that J.P. Morgan’s flowline were shut down by 6:05 a.m. and
Energi Mega Persada Tbk (EMP), which is decision to exclude Petronas from its ESG the leak was confirmed to be contained at
part of the Bakrie Group. The government Emerging Market Bond Index (JESG EMBI) 7:45 a.m. on the same day.
has entrusted EMP to manage the Bentu and ESG Asia Credit Index (JESG JACI) at the The presence of leaked crude oil has been
Block since 2004. Previously, this oil and end of June 2021 is regrettable. confirmed in the vicinity of the flowline as
gas field was managed by Scepter Resources In this regard, PETRONAS views the well as in the Kusouzu River, a Class A river.
(1991-1992), Apache Energy Resources decision as not in any way an accurate or true Countermeasures including retrieving the
(1992-1997) and Apache with Santos (1997- representation of our continuing commitment leaked crude oil and setting up an oil fence
2004). to sustainable and responsible investing, in in the river are currently being implemented.
Since the acquisition of the block, EMP line with environmental, social and good Furthermore, the point of leakage has
Bentu Ltd has drilled new wells, both governance practices. been determined and leakage prevention
exploration and development wells, or worked As a business entity, PETRONAS adheres countermeasures are being put into place.
over wells left by previous contractors, which to prudent corporate governance and strict Inpex has set up a crisis response team
are located in Pekanbaru City, Pelalawan business practices in accordance with all locally and is gathering information while
Regency and Kampar Regency. applicable laws, rules, and regulations engaging with stakeholders under the
Consumers of gas produced by EMP wherever it operates. We continue to work guidance of local authorities.
Bentu Ltd are also increasing and diversifying. closely and engage with all relevant authorities INPEX, June 21,2021
With a current total production of around 80 and stakeholders in accordance with best
million cubic feet per day (80 MMSCFD), the practices and good corporate governance. Petro Matad books full
gas produced by EMP Bentu Ltd is absorbed PETRONAS remains firmly committed to
by PLN Teluk Lembu in Pekanbaru, PLN respecting internationally recognised human year loss as it develops
Balai Pungut in Duri, PT RAPP in Pangkalan rights. This commitment is closely aligned
Kerinci and PT Pertamina RU II in Kota with the United Nations Guiding Principles Mongolia prospects
Dumai. Gas EMP Bentu Ltd is also the raw on Business and Human Rights.
material for the Gas Network Program PETRONAS is also determined to progress Oil company Petro Matad, continuing to
(Jargas) in Pekanbaru City and Dumai City. its sustainability journey, which forms the develop prospects in Mongolia, has booked a
General Manager of EMP Bentu Ltd, Tri core essence of our Statement of Purpose, full-year loss as.
Firmanto said, as a manifestation of EMP a progressive energy and solutions partner Net losses for the year through December
Bentu Ltd’s commitment to provide benefits enriching lives for a sustainable future. amounted to $3.2mn, compared to year on
to the areas where it operates, currently all PETRONAS, June 17, 2021 year losses of $16.8mn.

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