SBY inaugurates US$1.2 billion oil, gas projects

Friday, October 28 2005 - 02:07 AM WIB

President Susilo Bambang Yudihoyono on Friday in Jambi symbolically inaugurated 13 oil and gas projects worth US$1.2 billion.

According to the release issued by Ministry of Energy and Mineral Resources, the projects would add to Indonesian prouction 69,700 barrels of oil per day, 1.53 BCFD of natural gas and 16,500 BPD of LPG.

Indonesia with its aging oilfields is scrambling to increase oil production to keep up with ever increasing domestic oil consumption.(robert)

No.CONTRACTORPROJECT TITLELOCATIONPROJECT VALUE (million US$)PROD.CAPACITYSTART SCHEDULE
OIL/COND

(BOPD)

GAS (MMCFD)LPG (BPD)
1BP West JavaAPN, West JavaSeribu Island84.9-150-August 2005
2Total E&P IndPeciko Phase IV, East KalimantanKutai Kartanegara196.1-1,250-June 2005
3PetroChinaBetara Complex Phase III, JambiWest Tanjung Jabung665.89,50010016,500August 2005
4PetroChinaSW Betara, Jbg, jambiWest Tanjung Jabung4.42,000--September 2005
5PetroChina BkoWest Piano, jambiSarolangun61.01,300--February 2005
6KodecoKE-40, East JavaBangkalan 13.35,00030-June 2005
7JOB P-Medco (Tomori)Tiaka, Central SulawesiMorowali35.85,000--July 2005
8Lapindo BrantasTanggulangin, East JavaSidoarjo9.61,000--September 2005
9JOB Pertamina - Petrochina E.JGondang, E.J, East JavaLamongan4.0500--September 2005
10BOB BSPBene Bekasap, RiauSiak3.52,500--July 2005
11JOB Pertamina - PetrochinaSukowati, East JavaBojonegoro24.912,900--July 2004
12JOB Pertamina - PetrochinaSalawati TBA & TBC, West Irian JayaRaja Empat93.615,000--November 2005
13Pertamina8 inch, 174 Km Pipeline Tambun - CilamayaTambun - Bekasi, West Java 16.215,000--September 2005 - November 2006

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