Oil, gas firms sign $6.7b gas deals
Thursday, January 22 2009 - 10:03 AM WIB
The deal signed included Gas Supply Agreement between state oil, gas company PT.Pertamina, IDX-listed oil, gas firm PT.Medco Energi Internasional Tbk with Central Sulawesi gas developer PT.Donggi Senoro LNG to supply 335MMCFD of gas to the LNG plant starting 2013 and Memorandum of Agreement to supply 60MMCFD and 30MMCFD of gas from Cepu block to state fertilizer firm PT.PetroKimia Gresik and state electricity firm PLN, respectively.
East Kalimantan fertilizer maker PT.Pupuk Kaltim (PKT) also signed Gas Supply Agreement with five East Kalimantan gas producers. (godang)
| No | Producer(s) | Buyer(s) | Form of Agreement | Project commitment ( million US$) | Length of Contract / Starting (Year) | Total Contract Volume (BBTU) |
| 1 | Total E&P Indonesie, Virginia Indonesia Co, Llc, Chevron Rapak Ltd., Chevron Ganal Ltd, Chevron Makassar Ltd, ENI Muara Bakau B.V and PearlOil | PT Pupuk Kaltim (PKT), East Kalimantan | MoA | 1,600 | 20 / 2010 | - |
| 2 | ExxonMobil Cepu Ltd, Pertamina EP Cepu, PT Blora Patragas Hulu, PT Sarana Patra Hulu Cepu, MobilCepu Ltd, Ampolex (Cepu) Pte. Ltd | PT Petrokimia Gresik, East Java | MoA | 1,400 | 10 / 2015 | - |
| 3 | ExxonMobil Cepu Ltd, Pertamina EP Cepu, PT Blora Patragas Hulu, PT Sarana Patra Hulu Cepu, MobilCepu Ltd, Ampolex (Cepu) Pte. Ltd | PT PLN, East Java | MoA | 1,700 | - | - |
| 4 | PT Medco E&P Indonesia | BUMD Musi Rawas regency, S. Sumatra | HoA | 29.41 | - / 2009 | 8,750 |
| 5 | PT Medco E&P Indonesia | Perusda mining and energy S. Sumatra province | HoA | 1.68 | 6 / 2009 | 9,973 |
| 6 | PT Medco E&P Indonesia | Perusda Tarakan regency, E. Kalimantan | GSPA | 34.6 | 3 / 2009 | 547.5 |
| 7 | PT Pertamina EP | PT Pupuk Kujang Cikampek, W. Java | GSPA | 193.59 | 3 / 2009 | 37.23 |
| 8 | PT Pertamina EP | PT Donggi Senoro LNG (DSLNG), C. Sulawesi | GSPA | 600 | - | - |
| 9 | PHE Tomori, Medco EP Tomori | PT Donggi Senoro LNG (DSLNG), C. Sulawesi | GSPA | 800 | - | - |
| LPG Contract | ||||||
| 10 | ConocoPhillips Indonesia Inc. Ltd | PT Pertamina | SPA | 172.9 | 1 / 1 Jan-2009 | 455,000 MT |
| 11 | PetroChina International (Bermuda) Ltd | PT Pertamina | Amend SPA | 1.16 | 1 / 1 Jan 2009 | 480,000 MT |
| 12 | PetroChina International Jabung Ltd | PT Pertamina | Amend SPA | 182.4 | 1 / 1 Jan 2009 | 48,000 MT |
| 13 | Chevron Indonesia Company | PT Pertamina | Amend SPA | 18.34 | 1 / 1 Jan 2009 | 3,600 MT |
| 14 | PT Pertamina Gas and PT Menara Mas Energi have signed HoA to build US$ 30 million Pondok Tengah LPG plant project. | |||||
| Note: SPA= Sales Purchase Agreement; GSPA= Gas Sales & Purchase Agreement; HoA= Head of agreement; Moa= Memorandum of Agreement | ||||||
| Source: ESDM | ||||||