Cepu Block Produces 27.000 BOPD

SURABAYA (Indonesia Today) – Rudi Rubiandini, head of Special Working Unit of Upstream Oil and Gas (SKK Migas), stated that oil production from Cepu block, operated by Exxon Mobil Cepu Ltd, increased 22.7% to 27.000 barrels oil per day (BOPD ), compared to...

Cepu Block Produces 27.000 BOPD

SURABAYA (Indonesia Today) – Rudi Rubiandini, head of Special Working Unit of Upstream Oil and Gas (SKK Migas), stated that oil production from Cepu block, operated by Exxon Mobil Cepu Ltd, increased 22.7% to 27.000 barrels oil per day (BOPD ), compared to...

Govt to Build Refinery in South Sumatera

JAKARTA (Indonesia Today) – The government of Indonesia plans to build refinery, funded by state budget, in South Sumatera with investment cost of around Rp90 trillion. Evita H. Legowo, Director General for Oil and gas at energy ministry, said the refinery will...

Tuban Petro Defaults on Rp734 Billion Bond

JAKARTA (Indonesia Today) – State asset-management firm PT Perusahaan Pengelola Aset (PPA) has issued notice of default for PT Tuban Petrochemical Industries (Tuban Petro) as the company failed to pay multiyears bond, series VII, worth Rp734 billion. Renny O....

Citra Tubindo’s Profit Falls 48%

JAKARTA (Indonesia Today) – PT Citra Tubindo (CTBN) Tbk booked net profit of US$15.04 million in the first half of 2012, down 48% from the corresponding period of 2011 due to lower sales and profit margin. Citra Tubindo, producer of tubular pipes for oil and gas...