Pertamina-PLN Agrees to Price US $ 7.6 / MMBTU
By : Ridwan And Aldo Bella Putra | Wednesday, August 09 2017 - 16:49 IWST
![5166](https://eagle.industry.co.id/uploads/berita/detail/481.jpg)
5166
INDUSTRY.co.id - Jakarta - PT Pertamina (Persero) and Perusahaan Listrik Negara (PLN) have agreed the price of gas for the Tiung Biru Blue Field (JBT) field of 7.6 US dollars per MMBTU flat during the contract.
The project has an investment value of 1.55 billion US dollars and immediately executed.
This was conveyed by Vice Minister of Energy and Mineral Resources, Arcandra Tahar in Jakarta, Tuesday (8/8/2017) at the signing of gas supply agreement of gas field of Jambaran Tiung Biru for PLN Gresik Region and Evaluation of first semester performance in oil and gas field.
"In 2017 marathon we are guarded so that the project of Jambaran Tiung Biru can be executed immediately. Some important decisions we have decided include JTB gas relocation to Pertamina, JTB gas pricing to PLN Gresik Region, Change 'split' Pertamina EP Cepu JTB project, and over field management from Exxon by Pertamina EP Cepu, "said Arcandra as quoted by Antara.
He also explained that it has done capex efficiency or investment cost from 2.1 billion US dollars to 1.5 billion US dollars. "This is a great achievement," said Arcandra Tahar.
Important decisions that have been decided in 2017 include:
1. Relocation of JTB gas to Pertamina through Letter of Minister of Energy and Mineral Resources No. 538/13 / MEM.M / 2017 dated January 11, 2017.
2. The determination of gas price of JTB to PLN Gresik region is 7.6 per US dollar MMBTU flat along the contract, through Letter of Minister of Energy and Mineral Resources Number 5939/12 / MEM.M / 2017 dated August 1, 2017.
3. Change of split of profit sharing contract of Pertamina EP Cepu JTB project, through Letter of Minister Letter of Minister of EMR No. 5953/12 / MEM.M / 2017 dated 1 August 2017.
4. Define the field from Exxon Cepu by Pertamina EP Cepu so that Pertamina controls 90 percent Participating Interest and the remaining 10 percent will be controlled by the Region.
5. Efficiency of "capital expenditure" (capex) or investment cost from 2.1 billion US dollars to 1.5 billion US dollars, so that state and contractor oil and gas revenue will be better.
It is known that the Tiung Biru Jambaran Field with an investment of about 1.5 billion US dollars will produce 330 MMSCFD of gas with sales of 172 MMSCFD for 16 years (plateu).
Of the 172 MMSCFD utilization of the gas, 100 MMSCFD will be distributed to PLN Gresik Region at a price of 7.6 US dollars per MMBTU flat during the contract period, and 72 MMSCFD for industries in Central Java and East Java.
Gas from Tiung Biru Jambaran field will also be connected with Gresik-Semarang pipe along 267 km with diameter 28 inch. Pipe Gresik-Semarang with an investment of approximately 515 million US dollars is planned to be completed in 2018.
Read Also
The 7th Abu Dhabi Dialogue in Dubai: Commitment to Enhance Migrant…
Pertamina Hulu Rokan expounds on wetland innovations at COP28
Pertamina reaffirms its commitment to net zero emissions by 2060
President Jokowi Inaugurates Tangguh Train 3 Project in Teluk Bintuni…
MMA Offshore Automates Onboarding With Boomi
Today's Industry
![Flag of the United Nations Organization.](https://eagle.industry.co.id/uploads/berita/small/5783.jpg)
Kamis, 15 Agustus 2024 - 14:26 WIB
Modena Officially Becomes a Member of the UN Global Compact
Commited to transforming towards sustainable business practices, Modena the global home appliance established over 60 years ago in Italy, officially became a member of the UN Globe Compact (UNGC)…
![Totolink outlet. (Photo: Public Relation of Totolink)](https://eagle.industry.co.id/uploads/berita/small/5782.jpg)
Kamis, 11 Juli 2024 - 22:08 WIB
Totolink Strengthens Commitment to Innovative and Reliable Network Solutions for Indonesia
Marking a strategic step, Totolink Indonesia proudly announces the enhancement of its head office in Jakarta, located at Harco Mangga Dua Blok E No.28, Sawah Besar, Central Jakarta.
![The President Commissioner of Bersama Digital Data Centres (BDDC), Setyanto Hantoro (fourth right) and The President Director of BDDC, Angelo Syailendra (third right) during the BDDC JST1 Inauguration Ceremony in Jakarta on Wednesday (10/07/2024).](https://eagle.industry.co.id/uploads/berita/small/5781.jpg)
Kamis, 11 Juli 2024 - 19:03 WIB
BDDC Inaugurates JST1 TIER IV Data Centre in Jakarta to Strengthen Digital Infrastructure
Bersama Digital Data Centres (BDDC), an in-town data centre provider with interconnectivity and integrated digital systems, inaugurated its 5 MW Tier IV data centre facility, JST1 (Jakarta Selatan…
![The Board of Directors of PTT Global Chemical (GC) pose for a group photo after receiving the prestigious SNI (Indonesian National Standard) certification for its InnoPlus Polyethylene resin. (Photo: GC Public Relations)](https://eagle.industry.co.id/uploads/berita/small/5780.jpg)
Kamis, 27 Juni 2024 - 15:30 WIB
Global Chemical Achieves Prestigious SNI Certification for InnoPlus Polyethylene Resin
PTT Global Chemical (GC) is proud to announce its successful attainment of the prestigious SNI (Indonesian National Standard) certification for its InnoPlus Polyethylene resin.
![Financial Literacy](https://eagle.industry.co.id/uploads/berita/small/5779.png)
Rabu, 26 Juni 2024 - 22:47 WIB
The Importance of Financial Literacy
Financial literacy refers to the ability to understand and use various financial skills effectively, including personal financial management, budgeting, and investing.
News Comment