Pertamina plans $500 million investment in Cepu Block Eric Watkins Oil Diplomacy Editor LOS ANGELES, Sept. 23 -- Indonesia's state-owned PT Pertamina plans to spend $500 million in 2009 on the Cepu Block in East Java, a project to be jointly run by ExxonMobil Corp. Pertamina finance director Frederick Siahaan said the firm will use its own revenues to fund the project due to what he called "unfavorable market conditions these days." Siahaan's announcement marks a reversal in Pertamina's plans to secure loans of up to $1 billion from foreign institutions to finance the project, estimated to cost some $2 billion. Pertamina and ExxonMobil are 50:50 partners in the project. The Cepu Block is estimated to hold some 600 million bbl of oil along with 1.7 tcf of natural gas. Earlier in September, an ExxonMobil representative told Indonesia's parliament that the firm would start producing some 20,000 b/d from Cepu field next year (OGJ Online, Sept. 9, 2008). Contact Eric Watkins at [EMAIL PROTECTED]
-------------------------------------------------------------------------------- PIT IAGI KE-37 (BANDUNG) * acara utama: 27-28 Agustus 2008 * penerimaan abstrak: kemarin2 s/d 30 April 2008 * pengumuman penerimaan abstrak: 15 Mei 2008 * batas akhir penerimaan makalah lengkap: 15 Juli 2008 * abstrak / makalah dikirimkan ke: www.grdc.esdm.go.id/aplod username: iagi2008 password: masukdanaplod -------------------------------------------------------------------------------- PEMILU KETUA UMUM IAGI 2008-2011: * pendaftaran calon ketua: 13 Pebruari - 6 Juni 2008 * penghitungan suara: waktu PIT IAGI Ke-37 di Bandung AYO, CALONKAN DIRI ANDA SEKARANG JUGA!!! ----------------------------------------------------------------------------- To unsubscribe, send email to: iagi-net-unsubscribe[at]iagi.or.id To subscribe, send email to: iagi-net-subscribe[at]iagi.or.id Visit IAGI Website: http://iagi.or.id Pembayaran iuran anggota ditujukan ke: Bank Mandiri Cab. Wisma Alia Jakarta No. Rek: 123 0085005314 Atas nama: Ikatan Ahli Geologi Indonesia (IAGI) Bank BCA KCP. Manara Mulia No. Rekening: 255-1088580 A/n: Shinta Damayanti IAGI-net Archive 1: http://www.mail-archive.com/iagi-net%40iagi.or.id/ IAGI-net Archive 2: http://groups.yahoo.com/group/iagi --------------------------------------------------------------------- DISCLAIMER: IAGI disclaims all warranties with regard to information posted on its mailing lists, whether posted by IAGI or others. In no event shall IAGI and its members be liable for any, including but not limited to direct or indirect damages, or damages of any kind whatsoever, resulting from loss of use, data or profits, arising out of or in connection with the use of any information posted on IAGI mailing list. ---------------------------------------------------------------------
