“ … 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, November 14, 2008

Govt awards four firms with CBM contracts for US$20m of investment

Alfian, The Jakarta Post, Jakarta | Fri, 11/14/2008 11:10 AM  

The government has awarded four coal-bead methane (CBM) development contracts in Kalimantan to a group of mining companies requiring a total investment of at least US$20 million during the next three years. 

The four companies are a consortium of PT Pertamina Hulu Energi Metana Kalimantan A-Sangatta West CBM Inc, a consortium of Kutai West CBM Inc-Newton Energy Capital Limited, PT Indobarambai Gas Methan, and PT. Barito Basin Gas, Evita H. Legowo, Director General for Oil and Gas, announced Thursday. 

The government and the companies' representatives inked the contracts on the same day. 

Evita said the companies have pledged to invest a total of $16.3 million for exploration activities in the first three years and $4 million for signature bonuses, payable to Government. 

Pertamina Hulu Energi Metana, subsidiary of state oil and gas company PT Pertamina and its partner won a contract to extract gas from coal seams in the Sangatta I block, while the Kutai West CBM Inc-Newton Energy Capital Limited consortium will develop Kutai Block. 

Indobarambai and Barito Basin won exploration rights in Barito Banjar I and Barito Banjar II, respectively. 

Evita said the CBM contracts had adopted the production sharing contract (PSC) scheme as applied to oil and gas contracts. 

"The government will get on average 55 percent of the revenue generated by the sale of gas produced from those blocks," Evita said. 

CBM is a method of extracting methane from coal seams. Once the methane has been separated it is an alternative to natural gas. Indonesia has around 453 trillion cubic feet of coal-bed methane reserves or double those of natural gas, according to Bloomberg. 

Evita said the government would open tenders for several other CBM blocks in January next year. 

"CBM blocks have always attracted many investors." 

Previously the government has already awarded three CBM projects requiring a total investment of $17 million covering the costs of three years of exploration. 

On Thursday, the government also officially inked contracts for 29 new oil and gas blocks representing a total investment of $781.9 million for the first three years of exploration plus total signature bonuses of $110 million.

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