“ … 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.)

Thursday, December 31, 2009

Contractors to spend nearly $16b in 2010

Alfian, The Jakarta Post, Jakarta | Thu, 12/31/2009 8:42 AM

Although this year’s investment has failed to meet the target, an upstream oil and gas regulator claims that oil and gas contractors have proposed a US$15.99 billion investment for upstream activities in 2010, or a 41 percent increase from investment in 2009.

Anditya Maulana, head of the operation division at BPMigas, told reporters Wednesday the investment figure was based on the work program and budget (WPNB) submitted by oil and gas contractors to BPMigas.

“Of the total planned investment, $13.63 billion is expected from production working areas, while the remaining $2.36 billion is expected from exploration working areas,” he said.

Energy analyst Pri Agung Rakhmanto said the figure from the production working areas was still reasonable as two massive oil and gas projects, the Cepu block and the Tangguh gas fields, were likely to attract huge investment next year. However, he said the high figure was not necessarily a good indication.

“Please remember that part of the investment will be paid back by the government to the contractors under the cost recovery mechanism,” he said.

Pri Agung questioned the $2.36 billion investment planned for the exploration working areas.

“As we know, many oil and gas blocks have failed to attract investors recently,” he said.

The high investment figure was also proposed by the contractors in 2009. BPMigas said that oil and gas contractors initially proposed a $15.15 billion investment in 2009, but only $10.87 billion of the plan was realized.

“This was caused by the increasing efficiency of contractors and the fact that some projects were delayed both in EPC [Engineering, Procurement and Construction] and drilling,” said Priyo Widodo, head of BPMigas’s division in charge of government revenue shares, adding the investment in the delayed project would be continued over the coming years.

BPMigas also reported that the country’s oil lifting in 2009 was at 949,138 barrels of oil per day (bopd), or 98.8 percent of the state budget’s target of 960,000 bopd.

“This is a result of some delayed projects and unplanned closures that occurred in several working areas,” said Susanto, head of the field operations division at BPMigas.

“More than 197 unplanned shutdowns occurred in 2009 and this caused a loss of about 22,000 bopd of oil,” Susanto added.

BPMigas said it would strengthen its monitoring of the contractors’ maintenance works to avoid similar problems in the future.

There are currently 232 oil and gas contractors operating in Indonesia. As many as 64 contractors are in the production stage, while the remaining 168 contractors are in the exploration stage.

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