KONTAN.CO.ID - JAKARTA. State-owned energy giant Pertamina has signed a gas sale and purchase agreement with American oil and gas giant ConocoPhillips to secure a gas supply totaling 65 trillion British thermal units (BTU) from the latter’s Corridor Block in South Sumatra within the period from 2018 to 2023. The gas supply will be used to fuel the operations of Pertamina’s Dumai refinery in Riau Islands, which has a capacity to produce 175,000 barrels of oil per day (BOPD). Pertamina has planned to upgrade the facility so that it can produce 300,000 BOPD in 2024 with an investment value of around US$5 billion. “This is a strategic step for us to minimize the fuel costs coming from the operation of our refineries,” Pertamina gas director Yenny Andayani said in a statement on Friday.
Pertamina secures gas supply from Corridor Block
KONTAN.CO.ID - JAKARTA. State-owned energy giant Pertamina has signed a gas sale and purchase agreement with American oil and gas giant ConocoPhillips to secure a gas supply totaling 65 trillion British thermal units (BTU) from the latter’s Corridor Block in South Sumatra within the period from 2018 to 2023. The gas supply will be used to fuel the operations of Pertamina’s Dumai refinery in Riau Islands, which has a capacity to produce 175,000 barrels of oil per day (BOPD). Pertamina has planned to upgrade the facility so that it can produce 300,000 BOPD in 2024 with an investment value of around US$5 billion. “This is a strategic step for us to minimize the fuel costs coming from the operation of our refineries,” Pertamina gas director Yenny Andayani said in a statement on Friday.