SKK Migas 4 Year Gas Contract EWC

Here we go long holders. This should get the SP rolling.

6 Gas Sales Contract Signed in Bali, Indonesia to Rp 7.86 T​

Michael Augustine - detikfinance​

Tuesday, 10/20/2015 10:34 pm​

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Signing of Gas Sales Agreement in Bali (Michael-detikFinance)​

Amien Sunaryadi SKK Migas Head New​

Nusa Dua -Sebanyak six gas sales agreement (GSA) signed, coinciding with the opening of the conference and exhibition of oil and gas Asia Pacific (APOGCE) in Nusa Dua, Bali, today. Whole contracts to meet domestic needs.Three contracts allocated to electricity, two contracts for the industrial sector, and a contract to fulfill the requirement of LPG. "The potential increase state revenues over the period of a purchase agreement for US $ 587 million or around Rp 7.86 trillion," said Head of Special Implementation Unit Upstream Oil and Gas (SKK Migas), Amien Sunaryadi, after opening the conference and exhibition APOGCE in Nusa Dua, Bali, on Tuesday (10/20/2015). PJBG signed for the electricity sector are: PetroChina International Jabung Ltd. the State Electricity Company (PLN) Batam with a term of 7 years and 3 months, the supply of 10-17 billion British thermal units per day (BBTUD), and additional revenue of US $ 323.9 million, or around Rp 4.34 trillion Energy Equity Epic (Sengkang) Pty Ltd in South Sulawesi Regional Company, with a term of 4 years, the supply of 40-68 BBTUD, and state revenue of US $ 176.77 million, or around Rp 2.37 trillion Amendment PJBG between PT Pertamina EP PT Prima Power temple for a period of 4 years, the supply of 3.8 million cubic feet per day (MMSCFD), and the state revenue by $ 7.2 million or approximately USD 96.5 billion For the industrial sector, an agreement signed namely:JOB Pertamina -PetroChina East Java with PT Gresik Migas, with a period of 4 years, the supply of 1.2 to 3.2 MMSCFD, and revenues of US $ 6.9 million, or approximately USD 93 billion deal flared gas (flare gas) between PT Pertamina EP and Pertamina (Persero) for 5 years, 3-8 MMSCFD supply, and estimated revenues of US $ 4.2 million, or USD 56 billion ConocoPhillips Indonesia to supply 230,000 metric tons of LPG per year to Pertamina for one year, which is estimated add add revenues of US $ 68 million, or approximately USD 911.2 billion. President Director of Pertamina EP, Rony Gunawan hope, the support of all parties concerned for the distribution of gas from the GSA can be done. With the full support of all stakeholders, Pertamina EP also be able to immediately monetize findings oil and gas reserves of the field the other to support the national oil and gas production levels. For information, in 2014 there are some buyers that the absorption of the gas by the buyer lower than commitments. The potential loss of production of 95 MMSCFD or the equivalent of 17,000 barrels of oil per day. Industrial upstream oil and gas are committed to increasing the supply of domestic gas. Since 2003, the supply of domestic gas increased on average 9% per year. In 2013, the volume of gas to meet domestic needs greater than exports. This year, the domestic commitment to reach 4,403 billion British thermal units per day (BBTUD) or 61%, while exports amounted to 2,836 BBTUD designation.
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