Archive for the ‘Finance Info’ Category

Bunyu East Kalimantan increased four times


Pertamina EP Oil Field Production Bunyu East Kalimantan increased four times from April 2010 an average of 1400 barrels of oil per day (BOPD) to 6.4 thousand BOPD in early May. Results obtained in the field was part of the optimization strategy of the company’s production.

According to the Operations Director of Pertamina EP Good Sudaryanto, Friday (5/7/2010), in Jakarta, adding the success of this production increase Pertamina EP record of success in developing its oil fields to continue to contribute positively in meeting production targets.

Previously, Pertamina EP increase oil production Sanga-sanga Field, Tarakan, East Kalimantan, from 4300 BOPD in 2008 to be an average of 5. 300 BOPD in 2009, and the successful development Lemons Field of South Sumatra with an average production of 6000 BOPD in 2007 increased to 12,000 BOPD in 2009.

Good explained, the results obtained in the field Bunyu production optimization strategy is part of Pertamina EP. Production optimization strategies that include the acceleration of the drilling on the focus areas, carrying out operations with Zero Discharge Water Management, increases the frequency for the treatment of the production pipeline, changing the way the appointment of oil, increase the reactivation of old wells at existing fields, optimization and replacement of production facilities.

Pertamina EP optimistic able to achieve the 2010 target of 128 thousand BOPD despite facing problems of a large natural production decline that is 18 percent per year. Average production in January 2010 reached 130 310 BOPD and for February are also on the target that is 131 535 BOPD.

In March 2010 the average production declined on average to be 127 225 BOPD and April 2010 are also below the target level ie 125 664 BOPD. This is due to have routine maintenance activities so that the production slightly below average. Production of oil production to Pertamina EP today so it is expected to reach 133 700 BOPD average production rate in May 2010 may exceed the target average.

During 2009, Pertamina EP, producing 46.4 million barrels of oil and found 60 million barrels of oil, which means finding Pertamina EP exceeds the amount of oil produced. This is expected to ensure that production growth Pertamina EP aggressive exploration efforts need to be done. “The acceleration of this program as a strategic effort to increase oil and gas reserves to support production growth,” said Public Relations Manager Mohamad Harun Pertamina EP.

Senegal and India cooperate build fertilizer plants

NPK fertilizer plant construction plan a joint venture between investors from Senegal to India worth U.S. $ 130 million would be realized. Both investors expressed its seriousness to produce NPK fertilizer as many as 1 million tonnes in Indonesia.

“An investment of about U.S. $ 130 million, they are very serious,” said Director of Upstream Chemical Industry Ministry of Industry Alexander Barus when found in his office, Jl Gatot Subroto, Tuesday (20/4/2010)

Alexander explains the investor visit to Senegal has met with Indonesia, including the ministries of industry and agriculture which states seriousness NPK plant in Indonesia. He added that the investment objectives of the two countries closer than the market will make Indonesia its production base in ASEAN NPK

“His partner of the Indian Archean, in addition to the production of fertilizer he was also the production of salt in India,” he explained.

The government is currently looking for local partners who will serve as partners in the country. While this is a potential partner Pupuk Kujang in West Java that already expressed interest.

“They’re looking for a partner they expect the year 2011 I might have ground breaking,” he explained.(source : detik)