Wed, 25 May 2011
From:
By From: The Jakarta Globe
By Ririn Radiawati Kusuma |

The Indonesian unit of ExxonMobil Corp. has awarded contracts worth more than $780 million to South Korean giant Samsung and its Indonesian partner, Tripatra Engineering, to build facilities at Cepu block, the energy regulator said on Tuesday.

BPMigas chairman Raden Priyono said the project would include building an oil-production facility at the oil and gas field in Central Java. The project was estimated to cost $900 million, but the consortium bid $780 million.

“The tender will be completed soon, and its construction is expected to start in August this year,” Piryono said on Tuesday after meeting with lawmakers on the House of Representatives Commission VII, which oversees energy affairs.

Tripatra is the engineering, procurement and construction services unit of Indika Energy, the nation’s leading integrated energy company.

The Cepu block, located in Central Java, is operated by US oil giant ExxonMobil. The field is 45 percent owned by ExxonMobil and 45 percent by state oil and gas company Pertamina, with the remaining 10 percent held by state enterprises.

Cepu’s project will contain five separate units, Priyono said, including an onshore production facility, onshore pipes, offshore pipes, an offshore pile and supporting facilities such as an office building. The block is expected raise its disappointing output to 165,000 barrels of oil per day once the facilities are done in 2013.

During his regular meeting with legislators, Priyono also said BPMigas had forecast the country’s oil and gas revenue to reach Rp 266 trillion ($31.1 billion) this year, higher than the Rp 227 trillion projected in the state budget, thanks to higher oil prices.

Crude oil prices have reached about $100 per barrel, well above the government’s oil price assumption of $80 per barrel in the 2011 state budget.

The revenue forecast is based on assumptions that oil lifting will come in between 933,000 bpd and 945,000 bpd this year. The government has said it expects lifting of 970,000 bpd.

“Even though oil lifting is below the target, gas production forecast to be above the target,” Priyono said.

BPMigas data showed first-quarter oil lifting at 877,000 bpd, well below projections. The regulator said last week that it would summon oil and gas companies to explain their failure to meet their targets. Out of 148 registered oil and gas companies in Indonesia, 32 have failed to meet their targets set in the 2011 state budget.



News Search/Filter
Transaction Rates
16 Aug 18
Buy
Sell
AED1
3,904.98
3,904.98
AFN1
196.77
196.77
ALL1
129.39
129.39
AMD1
29.73
29.73
ANG1
7,772.77
7,772.77
AOA1
53.35
53.35
ARS1
482.14
482.14
AUD1
10,375.77
10,375.77
AWG1
7,995.37
7,995.37
AZN1
8,425.09
8,425.09
BAM1
8,299.56
8,299.56
BBD1
7,171.86
7,171.86
BDT1
169.71
169.71
BGN1
8,319.73
8,319.73
BHD1
38,038.03
38,038.03
BIF1
8.10
8.10
BMD1
14,343.72
14,343.72
BND1
9,493.49
9,493.49
BOB1
2,075.83
2,075.83
BRL1
3,675.14
3,675.14
BSD1
14,343.72
14,343.72
BTC1
91,583,896
91,583,896
BTN1
205.12
205.12
BWP1
1,324.36
1,324.36
BYN1
6,969.22
6,969.22
BZD1
7,134.69
7,134.69
CAD1
10,909.89
10,909.89
CDF1
8.81
8.81
CHF1
14,437.67
14,437.67
CLF1
613,504.02
613,504.02
CLP1
21.48
21.48
CNH1
2,065.99
2,065.99
CNY1
2,068.08
2,068.08
COP1
4.76
4.76
CRC1
25.27
25.27
CUC1
14,343.72
14,343.72
CUP1
562.49
562.49
CVE1
147.19
147.19
CZK1
631.41
631.41
DJF1
80.56
80.56
DKK1
2,182.21
2,182.21
DOP1
287.50
287.50
DZD1
120.29
120.29
EGP1
801.50
801.50
ERN1
956.45
956.45
ETB1
519.14
519.14
EUR1
16,267.66
16,267.66
FJD1
6,765.74
6,765.74
FKP1
18,206.39
18,206.39
GBP1
18,206.39
18,206.39
GEL1
5,780.22
5,780.22
GGP1
18,206.39
18,206.39
GHS1
2,943.81
2,943.81
GIP1
18,206.39
18,206.39
GMD1
297.89
297.89
GNF1
1.58
1.58
GTQ1
1,913.77
1,913.77
GYD1
68.67
68.67
HKD1
1,827.29
1,827.29
HNL1
596.66
596.66
HRK1
2,190.41
2,190.41
HTG1
212.81
212.81
HUF1
50.12
50.12
IDR1
1.00
1.00
ILS1
3,892.81
3,892.81
IMP1
18,206.39
18,206.39
INR1
204.10
204.10
IQD1
12.03
12.03
IRR1
0.33
0.33
ISK1
131.24
131.24
JEP1
18,206.39
18,206.39
JMD1
105.56
105.56
JOD1
20,216.57
20,216.57
JPY1
129.72
129.72
KES1
142.30
142.30
KGS1
210.51
210.51
KHR1
3.52
3.52
KMF1
33.06
33.06
KPW1
15.93
15.93
KRW1
12.61
12.61
KWD1
47,280.81
47,280.81
KYD1
17,207.68
17,207.68
KZT1
39.64
39.64
LAK1
1.68
1.68
LBP1
9.49
9.49
LKR1
89.54
89.54
LRD1
93.32
93.32
LSL1
1,006.22
1,006.22
LYD1
10,276.86
10,276.86
MAD1
1,497.80
1,497.80
MDL1
864.13
864.13
MGA1
4.31
4.31
MKD1
264.18
264.18
MMK1
9.47
9.47
MNT1
5.87
5.87
MOP1
1,773.66
1,773.66
MRO1
40.12
40.12
MRU1
398.99
398.99
MUR1
412.17
412.17
MVR1
927.19
927.19
MWK1
19.72
19.72
MXN1
747.55
747.55
MYR1
3,495.48
3,495.48
MZN1
245.52
245.52
NAD1
1,005.51
1,005.51
NGN1
39.74
39.74
NIO1
447.89
447.89
NOK1
1,695.20
1,695.20
NPR1
128.20
128.20
NZD1
9,405.39
9,405.39
OMR1
37,254.49
37,254.49
PAB1
14,343.72
14,343.72
PEN1
4,323.00
4,323.00
PGK1
4,328.25
4,328.25
PHP1
267.88
267.88
PKR1
116.12
116.12
PLN1
3,764.23
3,764.23
PYG1
2.49
2.49
QAR1
3,939.43
3,939.43
RON1
3,487.43
3,487.43
RSD1
137.90
137.90
RUB1
213.05
213.05
RWF1
16.33
16.33
SAR1
3,823.97
3,823.97
SBD1
1,818.16
1,818.16
SCR1
1,055.33
1,055.33
SDG1
796.69
796.69
SEK1
1,557.02
1,557.02
SGD1
10,392.95
10,392.95
SHP1
18,206.39
18,206.39
SLL1
2.19
2.19
SOS1
24.79
24.79
SRD1
1,923.26
1,923.26
SSP1
110.11
110.11
STD1
0.68
0.68
STN1
660.54
660.54
SVC1
1,638.95
1,638.95
SYP1
27.85
27.85
SZL1
984.80
984.80
THB1
430.35
430.35
TJS1
1,522.29
1,522.29
TMT1
4,098.23
4,098.23
TND1
5,154.61
5,154.61
TOP1
6,207.95
6,207.95
TRY1
2,398.64
2,398.64
TTD1
2,127.88
2,127.88
TWD1
465.08
465.08
TZS1
6.28
6.28
UAH1
522.33
522.33
UGX1
3.83
3.83
USD1
14,343.72
14,343.72
UYU1
457.87
457.87
UZS1
1.84
1.84
VEF1
0.10
0.10
VND1
0.62
0.62
VUV1
132.20
132.20
WST1
5,541.25
5,541.25
XAF1
24.79
24.79
XAG1
211,784.47
211,784.47
XAU1
17,028,223.52
17,028,223.52
XCD1
5,307.47
5,307.47
XDR1
19,983.25
19,983.25
XOF1
24.79
24.79
XPD1
14,201,707.01
14,201,707.01
XPF1
136.32
136.32
XPT1
11,291,959.19
11,291,959.19
YER1
57.28
57.28
ZAR1
984.89
984.89
ZMW1
1,405.97
1,405.97
ZWL1
44.49
44.49
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services