ExxonMobil Opens Investment Opportunities for Petrochemical Sector in Indonesia

By : Ridwan And Aldi Firhand. A | Friday, March 23 2018 - 20:21 IWST

Exxonmobil (ist)
Exxonmobil (ist)

INDUSTRY.co.id - Jakarta, US-based company ExxonMobil opens opportunities for new investment expansion plans in Indonesia.

This is revealed from the results of ExxonMobil Production President Nell W. Duffin's visit to the office of Vice President / Vice President Jusuf Kalla, today, Thursday (22/3/2018).

After the meeting, Chairman of Vice Presidential Team Sofjan Wanandi said the US-based company requested support from Jusuf Kalla for what will be done in Indonesia.

They (ExxonMobil) have investment plans in the petrochemical and other sectors, Sofjan said.

He added that on the occasion, Exxon also told the condition of upstream oil and gas globally, including the geopolitics of the Middle East, Venezuela and Nigeria.

In addition, the company from the United States said the oil and gas business conditions are quite tight, especially gas shale. Conditions that make oil prices can not reach the level as before.

However, he added, Exxon did not close the investment opportunities in the upstream sector, including following the auction of oil and gas blocks or oil and gas held by the Ministry of Energy and Mineral Resources (ESDM) last February.

In addition to investment plans, added Sofjan, other things discussed in the meeting is a celebration of the 120th anniversary of the establishment of Exxon Mobil in Indonesia. As is known, one business company from the United States in Indonesia is the operator Field Banyu Urip in Block Cepu.

According to Sofjan, the field performance is very good. The indicator is that production can reach 240,000 barrels per day (bpd) or 25% of national production. In addition, they can be efficient so they can push the lowest possible cost.

News Comment

Today's Industry

NORD-DuoDrive.jpg: The innovative and patented DuoDrive geared motor reaches outstanding system efficiency Image: NORD DRIVESYSTEMS

Selasa, 17 Mei 2022 - 14:00 WIB

NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics

The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

President Jokowi attends the meeting between ASEAN leaders and American entrepreneurs at Intercontinental the Willard Hotel, Washington DC, Thursday (05/12). Photo by: Laily Rachev

Selasa, 17 Mei 2022 - 13:00 WIB

President Jokowi Invites US CEOs to Boost Cooperation with Indonesia

President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

President Jokowi, President Biden, and ASEAN Leaders on a group photo prior to the dinner, at the White House, Washington D.C., Thursday (05/12)

Selasa, 17 Mei 2022 - 12:28 WIB

President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President

President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

(Photo: © 2022 KRAIBURG TPE)

Selasa, 17 Mei 2022 - 11:23 WIB

TPE unleashes benefits for pet accessories

The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Sergey Sedov, Founder and CEO of Robocash Group

Jumat, 13 Mei 2022 - 16:15 WIB

Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021

Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…