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2018-06-27 10:30:00

CHEVRON'S INVESTMENT FOR INDONESIA

CHEVRON'S INVESTMENT FOR INDONESIA

REUTERSIndonesia's deputy energy minister said on Tuesday Chevron Corp intended to cut planned investment in the Indonesia deepwater development (IDD) gas project to around $6 billion from $12.8 billion.

Deputy Minister Arcandra Tahar also told reporters that the projects targeted production would not be lowered, helped by factors including improvements in technology.

The IDD project commenced production from the Bangka field in late 2016 and when bigger fields are developed is due to eventually reach daily peak production at 1.1 billion cubic feet of natural gas and 31,000 barrels of condensate.

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Earlier: 

 INDONESIA'S GDP UP TO 5.1%
2018, February, 9, 10:40:00

INDONESIA'S GDP UP TO 5.1%

IMF - The Indonesian economy has continued to perform well. Real GDP growth accelerated slightly to 5.1 percent in Q3:2017 from 5 percent in 2016 and H1:2017, led by robust exports and fixed investment.

 

 CHINA - INDONESIA DEVELOPMENT
2018, January, 12, 12:35:00

CHINA - INDONESIA DEVELOPMENT

PLATTS - China's state-controlled oil giants are sitting on record-high cash pile of $35 billion and their free cash flow generation is close to double-digit yields, paving the way for more mergers and acquisitions along with higher oil prices over coming years,

 INDONESIA'S INVESTMENT UP BY 21%
2017, December, 27, 12:15:00

INDONESIA'S INVESTMENT UP BY 21%

PLATTS - Indonesia's state-owned Pertamina plans to spend $3.324 billion on its upstream business in 2018, a 21.16% jump year on year.

 РОСНЕФТЬ И PERTAMINA ДЛЯ ИНДОНЕЗИИ
2017, December, 4, 22:45:00

ROSNEFT & PETRAMINA FOR INDONESIA

ROSNEFT - Rosneft and Indonesian state-owned oil and gas company Pertamina completed the establishment of the joint venture for the development of Tuban grass root refinery and petrochemical complex (TGRR) in Tuban in the East Java province of Indonesia.

 INDONESIAN OIL UP 12%
2017, August, 17, 15:10:00

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Indonesia's state-owned Pertamina has produced 343,000 b/d of crude oil in the first-half of 2017, up 12% year on year, upstream director Syamsu Alam said late Wednesday. "I think the crude production this year can meet our 2017 target of 354,000 b/d. But gas production may be ... lower compared with the target of 2.08 Bcf/d, due to lower demand and some gas fields [not being able to] produce," he said.

 SOUTH CHINA SEA SOVEREIGNTY
2017, April, 6, 18:45:00

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China claims almost all of a large stretch of sea between Taiwan, Malaysia, Indonesia, the Philippines, Brunei, Vietnam and Japan. The trouble is, between them, these seven other states all do too.

 INDONESIA NEEDS $80 BLN INVESTMENTS
2017, February, 10, 18:30:00

INDONESIA NEEDS $80 BLN INVESTMENTS

Indonesia needs to invest $70 billion to $80 billion in gas infrastructure through 2030 to avoid a potential gas shortage, as domestic consumption growth outpaces supply, state-owned energy business Pertamina said Tuesday.

Tags: CHEVRON, INVESTMENT, INDONESIA, GAS