Author: Ferdi Hasiman

ADB’S First BIMP-EAGA Project To Bring Clean Energt To West Kalimantan

Posted by | August 28, 2013 | , , | 0 |

MANILA (Yosefardi) – The Government of Indonesia and The Asian Development Bank (ADB) will build a cross-border power transmission line linking West Kalimantan with Sarawak, Malaysia, bringing cleaner, greener hydroelectricity to West Kalimantan and adding 8,000 households to its power grid. “This will make a long-term relationship with our neighbors and a step forward to making the ASEAN interconnection a reality,” said I Made Ro Sakya, Head of Power System Planning of Perusahaan Listrik Negara (PLN), the Indonesian state-owned electricity company. PLN currently uses oil for power generation in West Kalimantan, which has pushed the cost up to $0.25 per kilowatt-hour (kWh). Under the power exchange agreement signed with Sarawak, the cost of power in West Kalimantan could be cut to $0.18/kWh, while carbon dioxide emissions from fossil fuel-based generation could be cut by 400,000 tons each year by 2020. The project will build a 145-kilometer distribution line, distribution feeder extensions, and a new substation to improve the reliability of power in West Kalimantan. An 83-km cross-border high-voltage transmission line and substation will connect the West Kalimantan power grid to that of neighboring Sarawak, Malaysia. An estimated 230 megawatt-hour of power could be exchanged every hour between the two systems. “This is a win-win-win situation,” said ADB Energy Specialist Sohail Hasnie. “West Kalimantan gets renewable energy and will have the ability to exchange power; Sarawak starts its first export of hydropower;...

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Batavia Prosperindo Reduces Authorized Capital

Posted by | August 5, 2013 | , , , | 0 |

SINGAPORE (Indonesia Today) – Malacca Trust Limited reported that its subsidiary, PT Batavia Prosperindo Internasional (BPI), has on 19 April 2013 reduced its authorised capital from Rp400 billion comprising 4 million shares with par value of Rp100,000 per share to Rp40 billion comprising 4 million shares of par value Rp 10,000 per share. BPI has also on the same date reduced its issued share capital from Rp222.93 billion comprising 2.23 million shares of par value Rp100,000 per share to Rp22,29 billion comprising 2,23 million shares of par value Rp10,000 per share (Proposed Capital Reduction). The rationale for the Proposed Capital Reduction is to return cash surplus to shareholders in excess of the immediate requirements of BPI. The approval from the Ministry of Law and Human Rights of Indonesia has been obtained for the Proposed Reduction in Authorised Capital and Proposed Capital Reduction....

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Husky Reports Progress on Water Gas Project in Madura Strait

Posted by | August 5, 2013 | , , | 0 |

CALGARY (Indonesia Today) – Husky Energy reported that offshore Indonesia, two shallow water gas developments in the Madura Strait are being progressed. Four new gas discoveries made offshore Indonesia in 2012 continue to be evaluated for commercial development. The development plan for the combined MDA/MBH field received regulatory approval in the first quarter. Work on the BD field was advanced with the evaluation of tender bids for a Floating Production, Storage and Offloading (FPSO) vessel and related infrastructure contracts. In first quarter, cash flow from operations was approximately $1.3 billion, compared to $1.2 billion the previous year. Net earnings of $535 million were achieved despite continuing pressure on heavy oil differentials that saw average benchmark prices for Lloydminster heavy crude fall 22 percent from the fourth quarter of 2012. Total Upstream production averaged approximately 321,000 barrels of oil equivalent per day (boe/day) with continued Downstream reliability contributing to average throughputs of 327,000 barrels per day (bbls/day) at the Company’s refineries and upgrader....

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Triyards Expects Market Growth for SEU and Rig in Southeast Asia

Posted by | August 5, 2013 | , , | 0 |

SINGAPORE (Indonesia Today) – TRIYARDS Holdings Limited hopes to grow its market share of Southeast Asia. Able to provide accommodation for up to 220 personnel, the jackup boasts leg lengths of more than 535ft (approximately 163m) and can operate in ô˜water depths of up to 400ft (approximately 120m). TRIYARDS is regarded as a leader in Southeast Asia for these mobile jack-up rigs, having delivered six SEUs since 2007. The Group is currently busy with a solid orderbook, which totalled US$647 million as at 28 February 2013. The projects include ô˜three SEUs and the GroupŸ??s landmark offering, the Lewek Constellation, an ice-class deepwater multi-lay vessel with heavy-lift capabilities that will rank it as one of the worldŸ??s most advanced subsea construction vessels in its class when delivered. Company has become one of only three ô˜Singapore yards able to design and build its own proprietary drilling jack-ups and selfelevating units (SEUs) with the introduction of the new Premium Class 400 HPHT (high ô˜pressure, high temperature) Drilling Jack-up Rig, the TDU-400. This latest design comes on the heels of the GroupŸ??s recently launched BH 450 series Ÿ?? proprietary-designed 450ft (approx 130m) leg length SEUs Ÿ?? and stands as a testament to its strong design and engineering capabilities in the oil and gas sector....

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Sumatera Copper Discovers New Zone Mineralization at Tembang Gold

Posted by | August 5, 2013 | , , | 0 |

PERTH (Indonesia Today) – Sumatera Gold & Copper reported that fresh high-grade gold and silver assays point to the possible discovery of the new zone of mineralization at its Tambang Gold-Silver in South Sumatera. The result are considered significant because any additional resources which stemmed from this zone would easily and economically accessed via the planet Belinau underground decline development. Mining at Balinau is excepted started during the December 2013 quarter. Two exploration holes , RDD 13218 and RDD 1319, were completed in April 2013 to test potential northerly vein intersection or flat lying splay of the main lode. Asseys has been received for the first of these holes. Hole RDD 13218 was drilled to a depth of 125 meters and intersected a zone of typical high graded banded epithermal quartz veining from 71.2 meters to 72.6 meters down-hole. A wide interval of quartz calcite stockworks was also intersected from 72.64 meters to 105 meters. The hole has been ended in mineralization. Hole RDD 1319 was drilled approximately 50 meters to the north west of RDD 13218 to a depth 143 meters and intersected two narrow zone of quartz-caltice stockworks from 84.25 to 84.70 meters....

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