$895 million gas agreements signed
Friday, August 28 2009 - 01:21 AM WIB
Several gas producers and buyers signed Friday morning three agreements worth US$895.26 million at the office of oil and gas upstream regulator BPMIGAS.
The three agreements consist of one gas sales and purchase agreement (GSPA) and two amendments of GSPA (see table). (godang)
| No | Buyer | Appointed Seller | Producer | Form of Agreement | Length/ Start of Contract | Flow Rate (BBTUD) | Contract Value (Million US$) |
| 1 | PT PT PLN (Persero) for its power plants in Riau province | Riau Kalila (Bentu) Ltd | Kalila (Bentu) Ltd | Amendment GSPA | 12 years / Nov 2010 | 15 ramp up 30 | 678 |
| 2 | VICO for its fuel consumption | PTPertamina EP | TAC Pertamina Semco | Amendment GSPA | 6 months / August 2009 | 1 | 0.69 |
| 3 | Consortium Pertamina Gas- Medco Gas | PHE Simenggaris, Medco E&P Simenggaris | JOB Pertamina Medco E&P Simenggaris | GSPA | 11 years / Q4 2011 | 20 | 216.57 |
Total |
895.26 | ||||||
Note:GSPA= Gas sales and purchase agreement |
|||||||