Gas producers, buyers sign US$2.5 billion deal
Friday, January 20 2006 - 08:53 AM WIB
Under the agreements, a total of 877 trillion British thermal units are to be supplied to several power plants and industrial customers.
State-owned oil and gas firm PT Pertamina agreed to buy gas from regency-owned company Perusda Benuo Taka for its Processing Unit V in Balikpapan, East Kalimantan. Benuo Taka operates Wailawi gas field in Penajam Pasir Utara regency.
Meanwhile, PT Indogas Kriya Dwiguna plans to use the natural gas for taxis.
State-owned electricity firm PT PLN and Korea Development Company Energy (Kodeco) agreed to amend the volume and price of the gas stated on their previous agreement. Kodeco is the operator of West Madura PSC offshore East Java. (godang)
| No | Buyer | Seller | Producer | Type of Agreement | Period (Year) | Volume(TBTU) |
| I. POWER PLANT | ||||||
| 1 | PT PLN (Persero) (PLTG Karamasan, S. Sumatra) | PT Medco E&P Indonesia | PT Medco E&P Indonesia | GSA | 5 |
72 |
| 2 | PT Meta Epsi, PT PJB (PLTG Gunung Megang, S Sumatra) | PT Medco E&P Indonesia | PT Medco E&P Indonesia | GSA | 8 |
34.6
|
| 3 | PT Medco Power, C Kalimantan | Elnusa Bangkanai Energy Ltd | Elnusa Bangkanai Energy Ltd | HoA | 20 |
135.5
|
| 4 | PT Tanjung Jabung Power, Jambi | PetroChina International Jabung | PetroChina International Jabung | GSA | 5 |
2.74
|
| 5 | PT PLN (Persero), E Java | PT PERTAMINA (PERSERO) | Kodeco Energy | Amend GSA | 8 |
171.56
|
| 6 | PT PLN (Persero), Jambi | JOB Pertamina Amerada Hess Jambi Merang-Pasific Oil & Gas Ltd | JOB Pertamina Amerada Hess Jambi Merang-Pasific Oil & Gas Ltd | HoA | 12 |
323.66
|
| SUB TOTAL | 740.06 | |||||
| II. INDUSTRY | ||||||
| 7 | PT.PGN (Persero) Tbk, W Java | PT Medco E&P Lematang | PT Medco E&P Lematang | HoA | 10 |
135
|
| 8 | PT Indogas Kriya Dwiguna, E Java | Lapindo Brantas (Carat Field) | Lapindo Brantas (Carat Field) | GSA | 5 | 1.64 |
| 9 | PT PERTAMINA (Persero), E Kalimantan | PERUSDA BENUO TAKA (East Kalimantan) | PERUSDA BENUO TAKA | GSA | Interim (six month) | 0.2366 |
| SUB TOTAL | 136.8766 | |||||
| GRAND TOTAL | 876.9366 | |||||