“ … 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.)

Saturday, January 30, 2010

ExxonMobil to sell Cepu gas to Indonesia

Eric Watkins, OGJ Oil Diplomacy Editor, Jan 29, 2010

LOS ANGELES, Jan. 29 -- A unit of ExxonMobil Corp. has signed a memorandum of understanding to supply natural gas from its Cepu Block to Indonesia’s state-owned power utility PT Perusahaan Listrik Negara (PLN) and state gas distributor PT Perusahaan Gas Negara (PGN).

"The MOU was signed last year. PLN will use the gas for its power plants and PGN for the city gas project," ExxonMobil Indonesia spokesman Maman Budiman told a hearing with the House of Representatives Commission VII, which is overseeing the country’s energy and mineral resources.

Maman said the gas will be produced from Cepu Block’s Jambaran field, which has reserves estimated at 1.3 tcf, all of it to be allocated to the two state-owned enterprises. Maman said discussions are under way with the buyers concerning the details of volume and price.

Maman also discussed the block’s oil production, saying ExxonMobil’s subsidiary Mobil Cepu Ltd. (MCL) is able to meet the government’s production target of 20,000 b/d, but that the downstream facilities to deliver and process the oil belong to other companies that are not ready to receive the crude.

“We can actually produce up to 25,000 b/d, but the receiving facilities are still unable to receive all the output,” said Maman, whose statement was confirmed by R. Priyono, chairman of upstream oil and gas regulator BPMigas.

“PT Tri Wahana Universal currently can only receive between 3,000 and 6,000 b/d and PT Pertamina can only receive between 10,000 and 12,000 b/d,” said Priyono, who added, “We are still evaluating the possibility that Pertamina could increase its capacity to between 14,000 and 15,000 b/d.”

Indonesia has high expectations that production from the Cepu Block will help to reverse the country's overall declining oil production, expecting the block to produce 20,000 b/d since the end of 2008—a target that has yet to be reached.

MCL holds a 45% interest in Cepu Block, while Pertamina holds 45%, and the remaining 10% is held by a consortium of enterprises controlled by the provincial administrations of East and Central Java.

Contact Eric Watkins at hippalus@yahoo.com.

No comments: