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

Menteri Perindustrian Airlangga Hartarto bersama Ketua Umum Gapmmi Adhi Lukman

Selasa, 24 April 2018 - 00:00 WIB

Facing Industry 4.0 , Minister of Industry Continues to Improve Innovation and Competitiveness of Food and Drink Industry

Jakarta, the Ministry of Industry continues to increase the innovation and competitiveness of the food and beverage industry (mamin) in line with the establishment of this sector as one of five…

SM Entertainment. (Foto Ist)

Senin, 23 April 2018 - 23:57 WIB

Allegedly Embezzles Money By Lee Soo Man, SM Entertainment Give Statement

South Korea's biggest agency, SM Entertainment was stumbling over alleged embezzlement issues committed by Lee Soo Man, founder of SM Entertainment.

Zayn Malik in the video clip Let Me. (Source: YouTube)

Senin, 23 April 2018 - 23:56 WIB

Zayn Malik Goes Acting?

One of the singers of One Direction boygroup, Zayn Malik admitted that he was interested in penetrating the world of acting. That he revealed through the interview with Femalefirst some time…

Terminal 3 Soekarno Hatta International Airport

Senin, 23 April 2018 - 23:53 WIB

Qantas and Jetstar Asia Airways May 11 Move to Terminal 3

Two international airline carriers, Qantas Airways and Jetstar Asia Airways starting May 11, 2018 will move operations to Terminal 3 of Soekarno-Hatta International Airport.

Bandara I Gusti Ngurah Rai di Bali dan Sultan Hasanuddin, Makassar Raih Penghargaan Dunia

Senin, 23 April 2018 - 23:50 WIB

Passengers at 13 AP 1 Airport Up 10 Percent

The number of passenger traffic at 13 airports managed by PT Angkasa Pura I (Persero) in the first quarter of 2018 rose by 10 percent compared to the same period in 2017.