46 oil and gas agreements to be signed in Jakarta

Friday, December 10 2004 - 10:26 AM WIB

Ministry of Energy and Mineral Resources announced Friday that 46 oil and gas agreements will be signed on Sunday in Jakarta including 15 cooperation contracts for new working areas, 17 for gas sales and purchases, and 11 rights for gas transmission and distribution.

President Susilo Bambang Yudhoyono will witness the signing of agreements, the ministry said in the statement.

The statement said that the agreements are:

I. UPSTREAM SECTOR
A. Production Sharing Contract (New)

No.CompanyWorking AreaLocation
1.Anadarko PetroleumNorth East Madura IIIOffshore E. Java
2.Petronas CarigaliNorth East Madura IVOffshore E. Java
3.PT Waropen PerkasaManokwariOn/Offshore Papua
4.PT Medco E&P IndonesiaNunukanOffshore E. Kalimantan
5.Transworld Exploration LtdSeruwayOffshore Aceh
6.PT Tropik Energi IndonesiaPandanOnshore S. Sumatra
7.ALTAR Sociedade de Investmento Imobiliarrio, SABaritoOnshore C. Kalimantan
8.Genting Oil & Gas LtdNorth West NatunaOffshore Riau Islands
9.PT Cahaya Baturaja BlokAir KomeringOnshore S. Sumatra
10.PT Sele RayaBelidaOnshore S. Sumatra
11.PT Easco East SepanjangEast SepanjangOffshore E. Java
12.PT Kutai Etam PetroleumSei Nangka-SenipahOnshore E. Kalimantan
13.INPAROL Pte LtdAsmatOnshore Papua
14.Unocal Indonesia Ventures LtdEast AmbalatOffshore E. Kalimantan
15.Eni Indonesia LimitedBulunganOffshore E. Kalimantan

B. Pertamina Petroleum Contract (PPC)

No.CompanyWorking AreaLocation
16.PT Pertamina (Persero)Ex-working areasS. Sumatra region

C. Production Sharing Contract (Extension)

No.CompanyWorking AreaLocation
17.EMP Kangean LtdKangeanOffshore E. Java

D. Gas and LPG Agreements
? Gas for Power Generation

No.TypeSellerBuyer
18.Head of AgreementMedco E&P IndonesiaPLTG Gunung Megang
19.Head of AgreementMedco E&P IndonesiaPT PLN (Persero) - PLTG Keramasan
20.Amendment Gas Sales & Purchase AgreementMedco E&P IndonesiaPT PLN (Persero) - PLTG Simpang Tiga
21.Gas Sales & Purchase AgreementAmerada Hess (Pangkah) LtdPT PLN (Persero)
22.Amendment Gas Sales & Purchase AgreementPT Pertamina (Persero)Energy Equity EPIC (Sengkang)
23.Memorandum of UnderstandingKondur Petroleum SAPT PLN (Persero) - PLTG Riau
24.Gas Sales & Purchase AgreementCNOOC SES LtdPT PLN (Persero) - PLTG Cilegon
25.Amendment Gas Sales & Purchase AgreementMedco E&P IndonesiaPT PLN (Persero) - PLTG Borang
26.Memorandum of UnderstandingPetroChina Jabung LtdPT Tanjung Jabung Power

? Gas for PGN / Industry

No.TypeSellerBuyer
27.Gas Sales & Purchase AgreementKodecoPT PLN Persero) Gresik
28.Gas Sales & Purchase AgreementConocoPhillipsPT PLN (Persero) Batam II - Panaran
29.Memorandum of UnderstandingKondur Petroleum SAPT PLN (Persero) Sumbagut
30.Letter of IntentPetroChina Int'l (Bermuda) LtdPT Henrison Iriana

? Gas for Fertilizer

No.TypeSellerBuyer
31.Amendment Gas Supply & Purchase AgreementPT Pertamina (Persero)PT Pertamina (Persero) - PUSRI

? Liquid Petroleum Gas

No.TypeSellerBuyer
32.Sales & Purchase AgreementPetroChina Int'l (Bermuda) LtdPT Pertamina (Persero)

? Sales Appointment Agreement

No.TypeSellerFor
33.Sales Appointment AgreementAmerada Hess (Pangkah)GSPA Gresik
34.Sales Appointment AgreementConocoPhillipsGSPA Batam II - Panaran

? Gas Sales Agreement

No.TypeSellerBuyer
35.Amendment Gas Supply AgreementPT Pertamina (Persero)Energy Equity Sengkang Sulawesi

II. DOWNSTREAM SECTOR (Natural Gas Transportation)
A. Transmission Pipeline

No.SectionCompany
36.Wampu - BelawanPT PGN (Persero) Tbk
37.Hamparan Perak - Paya PasirPT PGN (Persero) Tbk
38.Pantai Pakam Timur - Hamparan PerakPT PGN (Persero) Tbk
39.Paya Pasir - BelawanPT PGN (Persero) Tbk
40.Wampu - Paya PasirPT PGN (Persero) Tbk
41.Grissik - DuriPT Transgasindo Indonesia
42.Grissik - Singapore Border LinePT Transgasindo Indonesia

B. Distribution Network Pipeline

No.RegionCompany
43.BogorPT PGN (Persero) Tbk
44.MedanPT PGN (Persero) Tbk
45.CibitungPT Energasindo Heksa Karya
46.CibitungPT Igas Utama

The statement also said that the new PSCs were committed to spend about US$190.14 million for conducting exploration program in the first three years. Meanwhile, the government also received a $20.003 million signature bonus for all PSCs signed on that day.

It added that entire of the 18 natural gas and LPG contracts worth US$4.026 billion, which involved a total volume of 10.4 trillion British thermal units, would be allocated for domestic energy consumption. (godang)

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