The agreement stipulates that PLN will receive 2.83 mcm (100 mcf) per day of gas at a set price of USD 7.60 per Btu. The majority of the price is attributed to the resources; however, USD 0.90 has been earmarked to satisfy pipeline toll fees.
Pertamina will tap the Jambaran-Tiung Biru field in East Java once production begins in 2020 or 2021. While the field is expected to produce 9.35 mcm (330 mcf) per day once online, analysis suggests that 35% of that quantity will be carbon dioxide.
A gas sales purchase deal for resources at the Jambaran-Tiung Biru field will likely be signed by Pertamina later this year.
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More
Diamond Offshore has secured a USD 350-million extension for an ultra-deepwater drillship deployed for Anadarko Petroleum in the US Gulf… Read More
This website uses cookies.