R.Land Baidin Egwar, ST

Technip creates a new independent consultancy, subsea and offshore engineering services company: Genesis

2011-11-22T17:15:00.000+08:00

Technip is pleased to announce the formation of a new and enhanced worldwide consultancy, subsea and offshore engineering services company. This new company is a combination of Technip wholly owned subsidiary Genesis Oil and Gas Consultants and the deepwater engineering team of Technip in Houston.

The newly formed organization called Genesis will aim to be the worldwide leader in early phase engineering consultancy and full-lifecycle subsea and offshore engineering services. Working independently from Technip, it will provide objective engineering services to the energy sector.

Genesis has major execution centers in Houston, London, Aberdeen, and Perth, with the combined knowledge and expertise of 1,000 talented engineers, including 500 people with a subsea focus and one of the largest flow assurance groups in the world. This operation is a continuation of Genesis growth strategy which has seen the opening of offices in Abu Dhabi, Norway, Brazil, Paris and Tunisia over the last 2 years.

Thierry Pilenko, Chairman and CEO of Technip, commented: “Genesis has built a reputation of delivering the best independent analysis to maximize the potential of field developments for their clients all over the world. This, combined with the strength of the dedicated deepwater engineering talents of the Group in Houston will create a powerhouse team that can add value to all our clients from exploration through to field abandonment, while reinforcing Technip global leadership in the Subsea and Offshore businesses.”

John Cambridge, Managing Director of Genesis, stated: “We can now offer to our clients a single, integrated consultancy covering world class subsea and offshore engineering, including deepwater riser engineering services. The enlarged, worldwide group can provide new and existing customers with a more efficient and personal service, as well as being a very exciting place to work for our employees. We now combine within Genesis expertise in front-end engineering and excellence in project execution, a combination which will enable us to accelerate our growth worldwide.”

General release

Technip and Odebrecht Oil and Gas receive letter of award for 2 flexible pipeline installation vessels

2011-11-22T17:13:00.000+08:00

Skandi Niteroi

Source From Technip Portal Net

The joint venture formed by Technip (50%) and Odebrecht Oil & Gas (OOG, 50%) has received a letter of award from Petróleo Brasileiro S.A. (Petrobras) for the charter and operation, during a fixed period of five years, of two identical flexible pipeline installation vessels for a value of approximately USD 1 billion, with a mutual option to extend for a further five years.

Characterized by their high pipelay tension capacity of 550 tonnes, the twin vessels will be employed principally to install umbilical and flexible flowlines and risers to connect subsea wells to floating production units in waters up to over 2,500 m deep offshore Brazil, including in the pre-salt area. The provision of installation engineering services is included in a JV´s scope.

Technip and OOG have formed a JV project team which will manage the construction of the vessels at the Daewoo Shipbuilding and Marine Engineering shipyard in the Republic of Korea (South Korea) where OOG is currently completing the construction of the third and the fourth of 4 drilling units. Subsequently, vessel operations and the provision of marine management and engineering services during the charter phase will be handled by the JV in Rio de Janeiro.

Jorge Luiz Mitidieri, Executive VP of OOG, stated "OOG was the only national company pre-qualified to participate in the bid and this award further strengthens and consolidates OOG´s presence in the Subsea market where we have invested heavily in capacity and skills since our decision to enter the segment in 2009. Our proven track record in the construction and operation of offshore drilling assets and our partnership with Technip are key to the success of the project and we believe will provide significant potential to leverage synergies in the management and operation of the vessels and mitigate risks during project execution. This opportunity was also an important indication that our client Petrobras trust in our expertise and capability to deliver and serve."

Frédéric Delormel, Executive Vice President and COO Subsea of Technip, declared "Technip has relentlessly maintained a leading presence in subsea production development offshore Brazil since 1977 and we are extremely pleased to be at the forefront of this new phase of Petrobras development into deeper and more challenging waters. Odebrecht has a similar tradition, coupled with a solid track record in the recent and ongoing delivery of deepwater drilling units with DSME. We fully expect that this robust partnership and the distinguishing characteristics of these new assets will enable the cost effective supply of high local content flexible and umbilical subsea productions solutions to Petrobras for decades to come."

General release

Residents rejected the nickel industry in Kabaena

2011-11-16T17:30:00.000+08:00

KENDARI: Citizens Island Kabaena, Bombana regency, Southeast Sulawesi Province (Southeast Sulawesi), reject the presence of nickel industry to be built of investors from China, PT International Billy on the island.

"The presence of the nickel industry on the island Kabaena, will only bring suffering and misery for local residents. Therefore, we reject the presence of industry in Kabaena, "said Samiddin (45), one public figure in Turkey Kabaena Friday.

According to him, the presence of nickel industry on the island Kanaena only causes environmental damage in the territory of the island that are not controlled.

"Almost certainly, the dredging of natural resources in the form of nickel on the island, will lead to the destruction of nature and in turn will bring disaster after disaster for the citizens of Island Kabaena," he said.

The most obvious disaster that would soon befall the citizens Kabaena, he said, is the number of spring droughts during the dry season and floods in times of rain.

"Two of the disaster, which will become regular customers for the citizens of Island Kabaena, if the island's nickel industry was founded," he said.

Currently he said, the activity of PT Billy who exploit nickel in Kabaena then sold abroad in the form of ore (nickel mixed soil), has caused serious environmental damage.

A number of springs in the surrounding area of the nickel mining company he said, had been covered with mud mud flowing from the area of the nickel mining company.

Similarly, seaweed farming land residents, he said most of the contaminated sewage sludge in the form of nickel mining activities.

"Well, if there is no industry alone is causing environmental damage such a terrible, certainly after the nickel industry in Kabaena nature damage it would cause even worse," he said.

Similar statement also disclosed other Kabaena Islander, Jumrad. According to him, the people needed Kabaena to improve the welfare of society, not the nickel industry but plantation land development and agriculture.

"Farm and agricultural land on the island Kabaena have an average fertility is quite high, so that suitable planted with anything," he said.

Earlier, the Governor of South East Sulawesi, H Nur Alam said, Billy PT International will establish nickel industry on the island Kabaena, District Bombana with industrial investment of 500 million dollars the United States.

He said the company will begin construction of the nickel industry in Kabaena early 2012 and is planned, beginning in 2014 was able to operate.

"The presence of nickel in Kabaena industry will bring great benefit to increasing the welfare of society, because in addition to be absorbed into the workforce in the company, residents also can open a business of providing the various needs of corporate employees," he said.

Nickel waste revile Coast Seaweed Cultivation Kabaena

2011-11-14T17:33:00.000+08:00

Kendari (Antara News) - Waste from mining nickel mining companies operating in the island Kabaena, Bombana regency, Southeast Sulawesi Province (Southeast Sulawesi), allegedly polluting the area of seaweed cultivation of local residents.
"Since the company's nickel operations in Kabaena Island in 2007, almost the entire coastal region Kabaena, no longer suitable for seaweed cultivation because the area of sewage sludge contaminated with nickel from the soil," said La Riyfu (47), head of Hamlet Sagori, Kabaena District, District Bombana by telephone from Sagori Saturday.

According to La Riyfu, before any mining nickel by PT Bily on the island, seaweed cultivation into a source of income of most citizens, especially those living in coastal areas.

At present, he said, residents can no longer develop seaweed cultivation caused by waste from the mining of nickel in the form of sludge that spilled in the area where citizens cultivate seaweed.

"In addition to causing pollution of coastal areas due to overflow of mud during the rainy season, the activity of nickel mining in Kabaena also has become a serious threat of drying up of a number of springs in the surrounding area of the mine," he said.

A number of springs which have not been dry in any conditions of said La Riyfu, at present most water has been depleted, even just a few weeks of no rain, a number of springs has been drought.

"If the nickel mining activities on the island is allowed to continue, especially Kabaena Island residents who live in coastal areas in big trouble. Not only source of livelihood is covered in mud, but a number of springs which become vital needs of citizens, are also threatened with drought, "he said.

He Riyfu hope, the government and the parliament Sultra immediate control of mining activities that threaten the disruption of people's livelihoods.

For if the situation allowed to continue he said, residents in the surrounding area of the mine will only bear the suffering and huge losses due to the impact of mining akiivitas it.

"We just hope that the various stakeholders, particularly local governments, eye-opening look at the appalling conditions," he said.

As pemenga he said government policy should seek the best solution to rescue citizens from various threats that difficulty.

Given Kabaena Reasonable Compensation

2011-11-14T17:27:00.001+08:00

Loading area Stock pile Nickel At Kabaena, Barge and
Tug Boad Stand by in the Temporary port

By Yamin Indas, Former Journalist Kompas
Source from Kompas Indonesia.

Kabaena is a mountainous island at the tip of the peninsula of Southeast Sulawesi. The island is now a part of the administration area Bombana District, the results of the 2003 expansion of Buton Regency. Natural character of the mountains, Kabaena by itself presents a beautiful panorama.
       Unless the potential of tourism, the Earth Island Kabaena also contain various types of minerals (minerals). One mineral that in recent years exported to China, is a nickel. Nickel is transported in the form of ore (ore).
       Exotic Island Kabaena stark contrast to the socio-economic conditions of life that most people still chained poverty. Dimension of social services infrastructure such as road infrastructure, is very minimal. No wonder the cost of transport is higher than the value of goods transported to places of marketing.
       Lameness that makes local people more and more helpless. Poverty becomes a vicious circle. Somewhat difficult to determine which sectors should be addressed first to root out the problem thoroughly, promptly and thoroughly.While still under the rule of Buton, Kabaena was not a priority area of development. Kabaena then led elites to form Bombana District in the reform era. I was the initiator of it through an informal meeting with Rekson Dimba, the late Abu Bakr, Ichsan Lemba, Sudirman, and Sahrun Gaus, beginning in February 2000.
       The initiative was made after I consulted with Governor La Ode Kaimoeddin. Action is actually only a continuation of the idea of forming a discourse Moronene District since the second half of the 1950s and 1960s by several prominent freedom fighters such as the late Ahmad origin Kabaena Sjafiuddin and the late M Basir.
       As a result, Kabaena in the era of new districts, it remains well behind. In his capacity as Vice Chairman of the Parliament during a visit to Southeast Sulawesi Kabaena in the second half of 2006, H Nur Alam SE see for themselves the lack of any change in the island after three years under the rule of the division.
       Condition of existing infrastructure barely passable road motor vehicle during the rainy season. Village residents still slums with traditional residential houses on stilts of a thousand-legged leaf thatch or tin roof. The condition is heartbreaking portrait of social and economic life that looks to this day.
       It's no good news for Kabaena. So says Governor Nur Alam opened the conversation with me one day in the month of Ramadan 1432 H/2011 M. The news is a ferronickel plant in Kabaena. The factory was targeted operational before 2014.
       I really welcomed the plan as quoted by Daily Rays of Hope, Jakarta, a few days later. For me, the utilization of natural resources potential of nickel is one effort to build the island's citizens are still poor. Conversely, Kabaena will never getting ahead if it kept its natural potential just in the museum. That is, protected with a pretext for maintaining the sustainability of the natural island.
       The opinion was also that I said in the presence of young people gathered in the organization Kabaena Himpinan Youth, Students, and Student Kabaena (Hippelwana) Kendari when conducting halal bi halal, 25 September 2011. Hippelwana concerned investors scramble berjejalnya associated mining permit (IUP) nickel on the island which covers only about 867.89 square kilometers. IUP is now listed 25 companies.
       I really understand the concerns and the shadow of the worst in the minds of the younger generation. No one will be left after the mining of nickel except for the increasingly severe poverty traps. However, I invite them (Hippelwana) and elite society in order to entrust the management of nickel Kabaena Kabaena to the provincial and district Bombana. After all, no government anywhere in the world who make policy for the miserable people.
       I asked them to help drive the provincial and district governments to make policy Bombana his form of welfare programs to compensate for the potential of nickel that will be dredged out to satisfy the greed of the world market.
       Such programs include agricultural development which includes development of industrial estates variety of plants, crops, fruits, large animal and poultry husbandry, and fishery subsectors. All sub-sectors should be addressed specifically and seriously, including efforts to raise the motivation of local people willing to work hard, want to bury the lazy nature and surrender to the twist of 'fate' as the previous generation.
       Along with the development of infrastructure such as roads, ports, electricity, clean water, would be further intensified. Social service facilities such as primary, secondary, and higher education and health sectors are the priorities that abstinence is ignored.
       Problem is the aspect of culture is no less important. Moronene sub-ethnic society in Kabaena have norms, customs, traditions, art and culture of its own that need to be preserved, excavated, and developed for the enrichment of national culture.
       Provincial and district governments would not be difficult to carry out humanitarian tasks because in addition to having the power and ability to fund, the investor would not mind take social responsibility.
       Billy PT Indonesia, one of the persons with capital investor in development projects in nickel processing Kabaena familiar to the local community. The company that pioneered the nickel mining on the island. Unless helped build public infrastructure such as roads and ports of export in Dongkala, the company was building a water supply for residents near the mine.
       Basically, the entrepreneur who runs a sustainable investment management, commitment to social and natural environment is very high. It's just that this commitment is often hostage to the interests of the elite centers of power, say like the generals or former generals, former officials, governors, regents. These creatures serve as godfather or a mafioso.
       Mafia practices in the investment world, its presence is rather transparent and rough. Practice this by itself creates a cause of high economic cost is not optimal attention to people around the company. ***

South Kabaena, Granary Best Nickel

2011-08-25T07:14:00.001+08:00

REGIONAL DISTRICT IN HALF Bombana Kabaena SOUTH, DISTRICT BUTON Claimed as its territory,
BUTON greedy IN THIS

Region Kabaena Talaga located in the south, was a blessing for Talaga Raya. Because the region contains content of a high-quality nickel. The area of the mine approximately 80.67 sq. km. The mine is now managed PT Arga Morini Indah village wulu, and PT Inco in the village Kokoe.

Geographically Talaga Raya, the east by District Mawasangka, the southern border with the Flores Sea, south-western border with the Flores Sea / Gulf of Bone and northern borders Kabaena District (District Bombana).

Talaga Raya initially headed by a subdistrict of the Wa Ode Hanasia SSos. Hanasia 'rule' in Talaga Raya since February 22, 2003. Hanasia replaced Drs La Ode Mursal Zubair MSi appointed 10 November 2004. Three years later, La Ode Albakri SPd sworn in again as a new sub-district head, precisely January 4, 2007. Then Talaga Raya commandeered La Ode Kamaluddin SPd which officially became the Head Talaga Raya since March 1, 2008. "Talaga Raya inhabited 2331 families or 12,045 people spread across five villages namely Talaga Village I, Village II Talaga, Talaga Besar, Kokoe, and wulu. Talaga Raya region comprising the islands and the mainland, namely Talaga Small Island, Big Island Talaga, Kokoe. While the region covers Kabaena southern Mainland, "said La Ode Kamaluddin SPd.
Typography Talaga region is also diverse. Talaga Island I is an atoll, making it difficult to find sources of clean water. To meet the needs of the citizens that inhabit fresh water Talaga Small Island in the village to fetch water wulu Kabaena located on the south by boat. While the Big Island Talaga Talaga fertile as the Raya of the Kabaena the south.
Talaga region located in the southern part Kabaena also a blessing for Talaga Raya. Because the region contains content of a high-quality nickel mine. "The area was mined approximately 80.67 sq. km. The mine is now managed PT Arga Morini Indah village wulu, and PT Inco in Kokoe village, "said La Ode Kamaluddin.
Kamaluddin also acknowledged that the mining sector in the region is the most business sectors contributed to the government and people in the District of Buton Regency Talaga Raya. Many residents are employed in the Raya Talaga Nickel company. Of course it can boost revenue and increase welfare Talaga.
"The life of the community Talaga Raya getting better and dynamically according to the demands of the times. It can be seen from the community's involvement in various sectors of life in order to meet the needs of everyday life. Cultivation of agar is one of the mainstay products of this region in the marine sector in addition to fish catch of fishermen. Moreover, the areas Talaga dealing directly with the Flores Sea, "he said.
That's why it continues to drive the sector. subdistrict also expose the fund Community Development (COMDEV) and funds contributed from the revenue district to support community life to the fullest. The entry of PT Arga Morini Indah Village wulu, and PT Inco in the village have been felt by the community Kokoe Talaga Raya. Not only the residents who were employed at the company, but people who have been doing farming activities in the area gets splattered. Residents who have a garden that is located in the area of the two mines it for every production plant other crops such as cashew and paid a price of Rupiah 350.000 to Rupiah 500.000 per tree.
"The government is trying to make the district Talaga Raya as a business district and cultured the plenary. To achieve this it is necessary efforts will be made, among others, explore the potential of natural resources to be truly and creatively managed proportionately for the betterment of public welfare Talaga Raya forward. Encouraging human resources in order to become the motor of society accelerated development independently. Maximizing roles in community activities and productive ventures in improving living standards and reduce poverty. Bring together all elements of society for it jointly establish, maintain and preserve the natural resources and improve the quality of human resources. Increasing awareness of the nation state and cultural approaches to human consciousness and conscience and the fear of God Almighty.
Asked about the easiness of the community obtained in connection with the Raya as a sub maketh Talaga, Kamaluddin said the more people get the services and can enjoy the fruits of development. "The funds are disbursed to the District Talaga Raya big enough. Including the acceleration of development. Besides changing the status of the village became a cause of pride for the community district Talaga Raya, "he said.
Even said Kamaluddin, Talaga now has the ring road are paved. The road is believed to citizens as a result of that extension. Not only that, high school and all the infrastructure facilities such as markets, talud also built "If it does not become a separate district, Talaga still be a village. And there will be no asphalt like this, especially buildings that I mentioned earlier, "Kamaluddin said proudly.
Of the security sector is also more conducive. "In the past most cases fights. Especially when the show joget. Talaga Raya are also prone to illegal logging is common in the southern region Kabaena. The bomb exploded fish every day, "said Suriadin. But since the police Talaga Raya, said the bomb Suriadin fish does not sound again, events are also no longer fights, illegal logging has also been amputated.
Talaga also has advanced enough named village cooperative units Mina Bahari. Even some times represented in Southeast Sulawesi-ivent ivent nationwide. "VILLAGE COOPERATIVE UNITS Mina Bahari was founded, January 27, 1985 and commenced operations February 8, 1985. Initially consisting of only 60 people with a total capital of Rp 1.2 million. Capital is divided into two for savings and loans amounting to 500.000 and the sale and purchase (the store) is Rp 700.000, "said Chairman VILLAGE COOPERATIVE UNITS Mina Bahari Raya Talaga, Hijira.
According to him, VILLAGE COOPERATIVE UNITS he leads a very fast growing. Repeatedly won best VILLAGE COOPERATIVE UNITS a Sultra, even once being ranked fourth in Indonesia. "VILLAGE COOPERATIVE UNITS has a mini market which is equipped with a warehouse, passenger ships serving the route Dongkala-Talaga-Baubau. Not only that VILLAGE COOPERATIVE UNITS also have accommodation in Talaga and Bau-bau. Assets that time billions of Rupiahs, "recalls Hijira.
But the word Hijira, now VILLAGE COOPERATIVE UNITS began deteriorating. The ship burned, threatened Bau-Bau assets sold, the community also save more money in the bank. Additionally he leads VILLAGE COOPERATIVE UNITS underfunded. But it kept trying to restore the glory of VILLAGE COOPERATIVE UNITS lead.
Residents Talaga more rested their lives overseas. Malaysia is the goal. Nearly 90 percent of Talaga never wander in Malaysia. Talaga is not surprising that residents in their daily communication accent thick southern neighbor's porch. They are very fluent in the Malay accent although Malaysia has been at home.

600 MW power plant was built in Kabaena

2011-08-22T12:49:00.000+08:00

KENDARI, BOMBANA KABAENA

Generating electrical energy capacity of 600 megawatts (MW) were added at Island Kabaena, Bombana District, Southeast Sulawesi by PT International Billy.
Plan for electric energy development on the island Kabaena by nickel mining company was revealed by Southeast Sulawesi governor Nur Alam in Kendari, today.
"The company will build power plants in Kabaena to meet the needs of electrical energy for the nickel industry will be built beginning in 2012 and is planned to begin operating early 2014," he said.
According to the governor, in addition to supplying the electricity needs of a nickel plant, power plant also will serve the needs of residents Kabaena.
"The presence of electricity and the nickel industry on the island this Kabaena, will bring many benefits to improving the welfare of society Kabaena Island. In addition to local residents could be absorbed into the workforce in the industry, could also open up various economic activities, especially the provision of basic needs for employees of the factory, "he said.
Governor Nur Alam said the industrial capacity that will be established on the island Kabaena between 20000-25000 tonnes of ferrous nickel per year. Gero nickel production as much as it is to meet the needs of the market in European countries.
On the island of Kabaena, in addition to building power and nickel industries, the company also will establish an international hospital and about 3,000 employee housing units.
Specialty hospitals, in addition to serving the health of employees he said, will also receive patients from the community who need services Kabaena Island.
Community leaders from Southeast Sulawesi Island Kabaena Yamin Indas welcomed and thanked by the plan of PT Billy founded the nickel industry.
According to a former member of Parliament Southeast Sulawesi, the presence of the nickel industry will bring fresh wind to the improvement of welfare of the island. (Mw)

State Electricity Company Operate Mini Gas Power Plant in Sumbagsel

2011-08-21T16:00:00.001+08:00

INILAH.COM, Jakarta - the electrical system in the region of Southern Sumatra (Sumbagsel) will increase its availability. State Electricity Company has operate Mini Gas Power Plant in the area.
This is made possible by the operation of the Mini Gas Power Plant, Merah Mata. Symbolically, the Director of Operations State Electricity Company Indonesia Hary Jaya Pahlawan, Mini Gas Power Plant inaugurate the operation of the Merah Mata is located in the hamlet Borang Village, Merah Mata, Banyuasin district on Friday (19 / 8).
Mini Gas Power Plant Merah Mata is one of the power plant lease contract was signed in June 2011 between the consortium of State Electricity Company Navigat Energy.

Mini Gas Power Plant Merah Mata is a type mobile gas engines with a total capacity of 35 MW, consisting of nine units each with a capacity of 3.3 MW and 2 units with a capacity of 2.7 MW. Total energy production that would result from this Mini Gas Power Plant is 151.2 GWh, which needs 6.8 BBTU gas / day to optimize the makeup gas at 11 563 BBTU borang.
Mini Gas Power Plant operation of the gas, but is intended to further strengthen the electrical system in the region Sumbagsel, is also expected to increase power supply capacity more efficiently and reduce dependence on fossil fuels.
So it is expected by the operation Mini Gas Power Plant Merah Mata, then State Electricity Company can make savings of Rp 52.6 billion. Going forward, State Electricity Company will further enhance the use of gas for coal-fired peaker. Peaker plant is generating peak load bearer.
State Electricity Company in the near future will build a peaker power plant in the Sei Gelam Jambi with a capacity of 90 MW utilizing technologically CNG (Compressed Natural Gas).
Until the first half of this year, peak load Sumbagsel electrical system has reached 2076 MW. In line with economic growth in the region are a constantly moving dynamic, the electrical load growth rate will likely continue to creep up.
To anticipate this, it is expected to start later in the year 2012 there will be additional Sumbagsel amounting to 334 MW of power so it will be better prepared to anticipate the growth in electricity demand in the region Sumbagsel.

Pertamina Avtur Shutter Sales Reach 3.3 Million KL

2011-08-21T15:45:00.000+08:00

Source from: inilah.com

Jakarta - Business aviation is growing in the country was also helped boost sales of aviation fuel (fuel plane) PT Pertamina.

"In 2010 the sale of aviation fuel through the numbers 3 million kilo liters per year, or the largest number we have ever achieved. As for this year we hope to grow to 3.3 million pounds per year. The amount is already really good," said Vice President of Corporate Communication Pertamina, Mochammad Aaron in Jakarta, Friday night (19 / 8).

Aaron explains, the sale of aviation fuel to airlines local Pertamina currently has reached 80%. While the rest of the outside of aviation jet fuel is filling in Indonesia. However, with the increase in the domestic airline business, Pertamina hopes achievement can be increased.

"Not only local residents who would be increased, at least we can also grab the foreign aviation market even though their own provider as well," Aaron joked.

Business-related aviation fuel is a red plate oil companies are targeting production reached 18.4 million barrels of aviation fuel. While until 2015 is targeted to 19.9 million barrels. Pertamina is expected to make profits from the sales target of Rp27 trillion this year of 3.3 million kilo liter. [hid]

ASIA Reach EUR 10 Million Loan from Crest Capital

2011-08-21T01:36:00.001+08:00

COAL MINING

NICKEL MINING

Source from: http://pasarmodal.inilah.com

Jakarta - PT Asia Natural Resources Tbk (ASIA) received a loan of 10 million USD from Singapore Crest Capital for trading coal.

"We're getting a loan from Crest Capital to buy coal for about 10 million USD and we will export to China began the second half, made a contract to China for a year," said President Director of PT Asia Natural Resources Tbk, Paul Junanda,

The Company targets sales of at least 40 thousand tons of coal worth U.S. $ 2.6 million per month for export. While domestic sales of 25 thousand tons with a value of Rp10 billion per month. Paul is targeting sales of coal trading reached Rp750 billion to Rp1 trillion in 2010. Until the first half 2010 sales estimated to reach Rp60 billion. "It is estimated that approximately Rp60 billion to the first 6 months. This is because there is pending a contract until July 2010," added Paul.

The Company will be budgeted capital expenditure of about Rp150 billion to Rp200 billion. Fund capital expenditures will come from existing shareholders. Paul said that capital expenditures will be used for land clearing and equipment purchases.

As is known, the Company through its subsidiary PT Tekonindo obtain a mining permit an increase in business license nickel mining and production operations. PT Tekonindo a mining exploration license covering an area of 3335 hectares of nickel mining in Kabaena island, Southeast Sulawesi. Permits production operations with an area of 576 hectares with an estimated deposit of nickel up to 70 million tonnes.

Related to the purchase of shares of Asia by the Trust's Investment Bearing Vier Jamal, Paul said, the purchase of shares by 35% by the Vier Jamal is being conducted due diligence process between both sides, especially the shareholders.

Currently shareholding Wellstead Asia Investment Pte Ltd for 23.82%, Rich Achieve Ltd for 36.46% and the public about 39.72%. [Cms]

PLN to get gas from Grissik in August

2011-08-19T15:30:00.000+08:00

Source from JAKARTA Pos: State electricity firm PT PLN will get its long-awaited gas supply from the Grissik field in South Su matra this month after finalizing several terms on price, PLN’s senior official reported on Thursday.

“The gas should be channeled starting this month or in September at the latest,” said PLN senior manager for oil and gas procurement M. Suryadi Mardjoeki.

The gas will be delivered by US-based ConocoPhillips from the Grissik field through a swap mechanism. The swap mechanism means that PLN will get the gas supply from Grissik, while ConocoPhillips’s consumers in Batam and Singapore will get gas from the Jambi Merang field in the neighboring province of Jambi which was previously allocated for PLN.

“In the last meeting with related parties, we have expressed our readiness to pay 0.5 US cents per million British thermal unit [mmbtu] for the swap cost,” Suryadi explained.

The gas will be delivered through the South Sumatra-West Java (SSWJ) pipeline network which is owned by state gas distributor PT PGN. The Muara Tawar power plant in Bekasi, West Java, will receive the gas supply.

According to a 2006 contract, PLN was scheduled to acquire additional supply of 65 million standard cubic feet per day (mmscfd) from the Jambi Merang field, operated by the Joint Operating Body of PT Pertamina Hulu Energu and Canada-based Talisman.

However, due to the unavailability of a pipeline network connecting the Jambi Merang field with the Grissik field, where the SSWJ pipeline is located, the gas cannot be channeled. The construction of the pipeline is scheduled to be completed in 2014.

Giant oil strike discovered in North Sea

2011-08-19T10:00:00.000+08:00

The future looks promising to ‘Statoil’, a Norwegian Energy Company which discovered a large oil field in the North Sea. This is the largest oil field discovered in the North Sea in the last 30 years.

It is estimated that the company holds about 500 million to 1.2 billion barrels of oil. The position of this newly discovered oil field is between the two oil fields ‘Aldous’ and ‘Avaldsnes’ belonging to Statoil.

Some Analysts argue that this discovery is a proof of the fact that the Norwegian Continental Shelf is still a lucrative option for oil companies. However sceptics are doubtful of this view. They are more of the view that this discovery is not going to halt the increasing tend of energy companies turning away from the North Sea.

The benefits of this discovery will go to the small companies invested in the North Sea. However the larger companies will continue to look elsewhere.

Currently, Norway boats of being the seventh largest oil exporter in the world. The oil sector in Norway has continued to boom following the discovery of oil fields in the 80’s. Last year the Norwegian shelf alone was responsible for producing 2.1 million barrels of oil.

The Norwegian Petroleum Agency states that most of the oil rigs and drilling fields have exhausted themselves and are fast approaching the end of their lifetime. Around 6% fall in oil production is estimated this year.

The recent oil spills are not helping matters for the energy companies invested in the North Sea.

Only time will tell how this discovery will affect production of oil in the North Sea.