“ … 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.)

Sunday, November 05, 2006

Singapore's SPC and Pertamina tie up for joint oil projects

The Jakarta Post, Jakarta

Singapore Petroleum Company Ltd. (SPC) signed an agreement Friday to strengthen its collaboration with state oil and gas company PT Pertamina, promising up to US$1 billion for joint exploration and production projects over the next five years.

According to Pertamina president director Ari Soemarno, the memorandum of understanding (MoU) -- signed by Energy and Mineral Resources Minister Purnomo Yusgiantoro, State Minister for State Enterprises Sugiharto, and Singapore Trade and Industry Minister Lim Hng Kiang -- underlines the commitment of the two companies to working together on the exploration, development and bringing to production of oil and gas projects both in Indonesia and overseas.

The preliminary agreement would also provide a platform for information-sharing between SPC and Pertamina.

"This MoU underscores SPC's strategy of building regional alliances and cooperation with the aim of creating sustainable growth and development across the oil and gas value chain," SPC chief executive officer Koh Ban Heng said.

Purnomo, meanwhile, said he expected the fruits of the agreement to be mutually beneficial, with Pertamina having the experience and expertise, and SPC having the money to allow Pertamina to undertake more production projects.

Pertamina president Ari Soemarno said a number of the company's oil and gas fields were being considered for joint development under the MoU.

These consisted of at least eight fields in North Sumatra, including the Besi Tang gas field, Pertamina upstream director Sukusen Soemarinda explained.

However, more than half of Pertamina's 71 oil and gas fields are considered to be marginal or nearing the end of their productive lives.

In Indonesia, SPC -- an associate company of Keppel Oil and Gas Services Pte. Ltd., itself a wholly-owned subsidiary of conglomerate Keppel Corp. -- currently has concessions in the Kakap and West Natuna blocks in the South China Sea off the Riau Islands, as well as the Sampang block on Madura island in East Java.

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