Author: Ferdi Hasiman

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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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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DMX Secures $10.6m Contracts from Pegadaian

Posted by | May 20, 2013 | , , , | 0 |

SINGAPORE (Yosefardi) – DMX Technologies Group Limited, through its Indonesia subsidiary PT. Packet Systems Indonesia (PSI), has secured US$10.6 million worth of contracts from PT. Pegadaian Persero, an Indonesian government-owned corporation with a monopoly in fiduciary services in Indonesia. PSI will provide data centre and network infrastructure to interconnect 3,000 branches across Indonesia. The contract is the largest that PSI has won to date. PSI has been making inroads in the information and communication technologies (ICT) business with telecom operators and enterprises, and this contract win has opened up another vertical sector for PSI. For the full-year ended 31 December 2012, the Group recorded 25.3% year-on-year growth in revenue from Indonesia to US$51.0 million....

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3 State Banks to Fund LNG Train 3 Projects

Posted by | April 29, 2013 | , , | 0 |

JAKARTA (Indonesia Today) – Three state banks – PT Bank Negara Indonesia (BNI) Tbk (BBNI), PT Bank Mandiri Tbk (BMRI) and PT Bank Rakyat Indonesia (BRI) Tbk (BBRI) – will jointly fund the development of Train 3 of liquefied natural gas (LNG) in Tangguh, Papua and Donggi-Seonoro in Central Sulawesi. Felia Salim, BNI’s vice president, said the banks involved in loan syndication for Train 3 LNG project are still waiting expert report from expert who is calculating the risk mitigation. “We have not yet determined date of signing for financing facility but we are seriously preparing to realize in the near future,” she said. Rudi Rubiandini, head of Special Working Unit for Upstream Oil and Gas (SKK Migas), said the financing would focus on upstream sector, development of LNG refinery, or LNG sales. “There would be an option to finance all sectors with different propositions,” he said. Rudi said Donggi Senoro project, excluding Tangguh, will cost around US$54 billion for upstream to downstream development....

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Pertamina Signs HoA with PTT Global Chemical

Posted by | April 27, 2013 | , , | 0 |

JAKARTA (Indonesia Today) – State oil and gas company, PT Pertamina has signed Head Of Agreement (HoA) in Bangkok (22/4), to established joint venture company with PTT Global Chemical Public Company Limited. Currently, company is conducting evaluation for establishing this joint venture company, said Pertamina Director Chrisna Damayanto. The joint venture company is scheduled to be established on 10 December 2013. The construction of petrochemical complex is expected to cost US$4 billion to US$5 billion. The location of pretrochemical complex would be at Plaju or Balongan. Pertamina targets to control 30% of petrochemical market....

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