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2010 Oil and Gas Sector Priority Programs |
| 2010-01-04 06:19:27 |
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| For the 2010 budget year, there are seven national prioritized activities in the oil and gas sector, among others are gas transmission and distribution network construction, supporting regulation and policy arrangement and oil and gas upstream research, investigation, inventorying and exploration. |
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BP Captures Coalbed Methane Resource in Indonesia |
| 2009-12-22 02:16:52 |
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| BP announced today that a consortium led by its joint venture VICO - owned jointly by BP and ENI - has signed a production sharing contract (PSC) with the Government of Indonesia for the exploration and development of coalbed methane (CBM) resources on the Sanga-Sanga block in East Kalimantan, Indonesia. |
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Until 2014, Gas Network will be Constructed in 21 Cities |
| 2009-09-10 20:31:03 |
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| The Government has drafted the roadmap for household gas distribution network construction until 2014. In 5 years, the network will be constructed in 21 cities. |
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Norway Wishes to Increase the Development of Oil and Gas Technology in Indonesia |
| 2009-09-10 20:28:36 |
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| Norway is very enthusiastic in cooperating with Indonesia, especially in oil and gas. The country also wishes to increase the investment and development of oil and gas technology. |
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OPEC Production Cut Influences September`s Oil Price |
| 2009-09-03 21:22:36 |
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| Indonesia Oil Price Team predicted that the oil production re-cut by OPEC decided in the September 9th 2009 meeting that will only be executed when oil price in the international market is lower than the current price level can strengthen the international crude oil price in September. |
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Masela PoD was Signed |
| 2009-09-03 21:21:10 |
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| The Minister of EMR Purnomo Yusgiantoro has signed the plan of development (PoD) of Masela Block. The Government determined to use floating refinery for the downstream development. |
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Dirjen Migas Lead the Indonesian Delegation in the Fifth Indonesia-Norway Bilateral Energy Consultation |
| 2009-08-31 03:13:26 |
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| The Director General of Oil and Gas MEMR Evita H. Legowo lead Indonesia’s delegation in the The Fifth Indonesia-Norway Bilateral Energy Consultation, held August 26-27 in Oslo, Norway. |
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Rig Contract will be Changed to Multi Years |
| 2009-08-31 03:11:32 |
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| BPMigas will change the rig procurement contract pattern of oil and gas drilling from short term to multi years which implementation will be conducted per region, consisting of some working acreages. |
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Five CBM WK Signed, Investment Reaches US$ 37,9 Million |
| 2009-08-11 01:47:38 |
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| The Government held the signing of 5 coal bed methane PSC in some existing Coal and mining endorser (KP) and Oil and Gas working acreage. The total investment for the first 3 years reaches US$ 37,975,958 while the signing bonus that will be received directly by the Government is US$ 5 million. |
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CBM PCS Signed Next Week |
| 2009-07-31 01:48:46 |
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| If changes do not occur, coal bed methane PSC will be signed next week at the Jakarta Convention Centre, while SPE Asia Pacific Oil & Gas Conference and Exhibition (APOGCE) 2009 is held. |
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Fujian Receives 3 Cargoes of LNG |
| 2009-07-21 21:09:13 |
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| Director General of Oil and Gas, MEMR, Evita H. Legowo, confirmed that in late July, the Government will redeliver LNG for buyer in Fujian, China. So there will be a total of 3 LNG cargoes delivered to China. |
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CPI-COPI HoA is Signed |
| 2009-07-21 21:03:37 |
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| The Government has finished the 50.000 barrel per day oil swap with gas between PT Chevron Pacific Indonesia (CPI) with ConocoPhillips and made it a trading agreement (PJBG). The Head of Agreement (HoA) signing has been conducted last July 7th. |
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Tangguh Price Negotiation Keeps on Going |
| 2009-07-09 02:19:23 |
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| Minister of EMR, Purnomo Yusgiantoro, stated Indonesia Government keeps negotiating Tangguh LNG selling price. The forming of Tangguh price negotiating team, lead by the Coordinating Minister for the Economy, is one of the evidence. |
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Indonesia considers onshore LNG plant for Masela |
| 2009-07-06 03:12:55 |
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| JAKARTA, July 3 (Reuters) - Indonesia is considering building an onshore liquefied natural gas (LNG) plant for natural gas reserves from the Timor Sea, operated by Japan's Inpex Corp, to cut costs, the mines and energy minister said on Friday. |
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Cnooc to Get 15 Indonesia LNG Cargoes in First Year |
| 2009-05-26 22:16:46 |
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| China National Offshore Oil Corp., the country’s third-biggest oil producer, said its liquefied natural gas terminal in Fujian will get 15 cargoes in the first 12 months of a 25-year contract, cutting the need for spot shipments. |
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Cepu block's early production of 20,000 bopd to last until 2011 |
| 2009-05-26 21:15:07 |
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| Indonesia's high hopes for a major contribution of oil from the massive Cepu block may take longer than expected as the block will only produce a maximum of 20,000 barrels oil per day (bopd) from 2010 to as early as the third quarter of 2011, the regulator says. |
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A Block Received the Priority for Contract Extension |
| 2009-05-22 04:22:51 |
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| A Block Field managed by Medco E&P, received the priority to have its contract extension processed soon, considering its contract period will end next 2011. |
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Second Echelon of DEN Inaugurated |
| 2009-05-20 02:03:40 |
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| Wednesday, 20 May 2009, 10:35:31 WIB
Jakarta, Minister of EMR, Purnomo Yusgiantoro, inaugurated and took the oath of second echelon functionaries of the Secretariat General of the National Energy Board (DEN) and Directorate General of Electricity and Energy Development at MEMR Auditorium, Wednesday (20/5). |
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CBM Related-Issues were Discussed |
| 2009-05-19 22:39:01 |
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| The development of coal bed methane (CBM) in Indonesia had just begun. Its different characteristic with oil and gas made CBM treated differently. The Government and stakeholders discussed the matter at Migas Building, Tuesday (19/5). |
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Indonesia and Vietnam to Increase Cooperation in Energy and Mineral Sector |
| 2009-05-18 22:17:14 |
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| Indonesia and Vietnam have agreed to increase cooperation in the Energy and Mineral Resources Sector, signed in a Memorandum of Understanding on Cooperation on Energy, Petroleum and Coal Mining. This signing was held at the 5th Joint Commission on Economic, Scientific and Technical Cooperation (JCESTC), held in Ho Chi Minh City, Vietnam on April 23-25. |
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Bontang LNG buyers allowed to trim orders by 15%: Govt |
| 2009-05-18 03:14:27 |
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| Buyers of liquefied natural gas (LNG) from Indonesia’s Bontang plant are allowed reduce purchases by as much 15 percent without penalty, the government said. |
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Oil and Gas Infrastructure Blueprint is Arranged |
| 2009-05-17 21:09:36 |
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| In order to support oil and gas industry development, the Government is arranging Oil and Gas Infrastructure Blueprint. |
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RI expects to ship first Tangguh LNG cargo in July |
| 2009-05-14 22:51:55 |
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| Jakarta: Indonesia expects to ship the first cargo of liquefied natural gas from Tangguh on July 1, said Purnomo Yusgiantoro, the energy and mineral resources minister. |
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Medco’s Aceh field to produce gas this year |
| 2009-05-14 22:49:45 |
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| Jakarta: PT Medco Energi Internasional may start producing natural gas in Indonesia’s Aceh province this year, regulator BPMigas said. |
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China to buy Aussie LNG for 20 years |
| 2009-05-14 01:49:00 |
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| China National Offshore Oil Corp. ( CNOOC ) agreed to buy liquefied natural gas (LNG) from BG Group Plc’s planned US$6 billion Australian project as demand for cleaner fuels rises in the second-largest energy-consuming nation. |
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