“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Friday, December 26, 2008

Chevron’s Indonesian Unit Plans to Invest $3 Billion

By Bambang Dwi Djanuarto 

Dec. 26 (Bloomberg) -- Chevron Corp.’s Indonesian unit, which accounts for about 42 percent of the nation’s oil output this year, may invest $3 billion to boost production from a Sumatran field, a government official said. 

The company will use a new drilling technique to increase its extraction rate to tap 800 million barrels of oil that is currently inaccessible, Eddy Purwanto, deputy of operations at Indonesian oil and gas regulator BPMigas, said in Jakarta today. 

A $170 million pilot project is being conducted until 2011 to test the new technology that uses chemical injection to produce oil, Purwanto said. 

If the project is a success the company will “continue on a larger scale,” he said. 

Chevron is turning to new drilling techniques to halt a drop in production. The Southeast Asia nation imports about one- third of its oil products amid a lack of investment in new reserves and limited refinery capacity. 

Chevron’s Sumatra concessions including the Duri and Minas areas may produce an average 405,000 barrels of oil a day this year, lower than the 408,000 barrel-a-day target set by the government or 425,000 barrels a day last year, Suwito Anggoro, president director of Chevron’s Indonesian unit, said Sept. 8. 

Anggoro couldn’t be reached for comments on his mobile phone. 

To contact the reporters on this story: Bambang Dwi Djanuarto in Jakarta at bbjakarta@bloomberg.net; Berni Moestafa in Jakarta at bmoestafa@bloomberg.net

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