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

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…

PT Sariguna Primatirta Tbk (Tanobel Group)

Jumat, 13 Mei 2022 - 15:45 WIB

Demand Increases, CLEO Recorded IDR307.7 Billion Sales in Q1-2022

PT Sariguna Primatirta Tbk (Tanobel Group), a public company and manufacturer of Bottled Drinking Water (AMDK) with the IDX ticker code: CLEO: IJ, recorded a 30% increase in sales reaching IDR307.7…

TopWorx DX PST with HART 7 monitors and tests valve assemblies, providing detailed data and diagnostics and enabling the digital transformation of process applications.

Jumat, 13 Mei 2022 - 15:15 WIB

Emerson’s New Emergency Shutdown Discrete Valve Controller Improves Safety, Uptime in Hazardous Applications

Emerson introduced the TopWorxTM DX PST with HART® 7. Units provide valuable valve data and diagnostic information, enabling the digital transformation of process applications.

PT Buyung Poetra Sembada Tbk (“HOKI”)

Kamis, 12 Mei 2022 - 15:26 WIB

HOKI Launches Another New Product

PT Buyung Poetra Sembada Tbk (“HOKI”), a Public Company which produces quality rice under the “Topi Koki” and “HOKI” brands, continues to innovate by re- launching new products.…

Rockwell Automation Inc. /obe.wisc.edu

Kamis, 12 Mei 2022 - 14:19 WIB

Rockwell Automation Releases New, Highly Customizable Industrial Monitors

Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, today announced the release of a new line of industrial monitors…