changes in the exchange of gas contracts

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BP Migas said, changes in the exchange of gas contracts into a gas sale and purchase agreement (PJBG) between PT Chevron Pacific Indonesia and ConocoPhillips will raise state revenues between 200 million to 300 million U.S. dollars in 2009.

Executive Head of Upstream Oil and Gas R Priyono in Jakarta, said Thursday, even though the contract changes Chevron and Conoco gas signed on 7 July 2009, but the agreement applies from 1 January 2009.

Revenue is derived from "lifting" of crude oil and obligations pasok to domestic or "domestic market obligation (DMO).

Specifics of the agreement or "head of agreement" (Hoa) changes in the exchange of gas or "gas exchange" into PJBG between BP Oil, ConocoPhillips and the CPI have been conducted on 7 July 2009.

Deputy Operations and Marketing BP Migas said Eddy Purwanto, the amount of additional revenues the state depends on oil prices.

Changes in the contract is a request the House of Representatives.

Gas exchange scheme, known as "own use" is to give crude oil Chevron approximately 50,000 barrels per day to ConocoPhillips and Conoco to provide gasnya production to Chevron.

Chevron gas is used to increase oil production greater than 50,000 barrels per day.

Previously, crude oil production of 50,000 barrels per day is not counted as "lifting." However, after a PJBG, then counted as "lifting."

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