China, Indonesia sign energy cooperation agreements

Eric Watkins
Oil Diplomacy Editor

LOS ANGELES, Dec. 30 -- Indonesia and China have signed eight energy-related agreements, valued at $3.13 billion, during the third Indonesia-China Energy Forum (ICEF) in Jakarta.

The first agreement extended an oil and gas contract for a development in the Madura Strait, East Java, operated by China National Offshore Oil Corp. and Canada's Husky Energy Inc.

Indonesia's upstream oil and gas regulator BPMigas signed the 20-year extension of the two companies' contracts, which were due to expire in 2012.

ICEF also witnessed two agreements on coal mining, one on biodiesel plants, and four on electric power production projects.

The eight agreements, and amount of finance, include:

-- Oil and gas contract extension in Madura Strait (BP Migas, CNOOC, and Husky Madura Ltd.; $642 million).

-- Biodiesel development in Jambi and South Sumatra (PT Kurnia Selaras and China Development Bank; $255 million).

-- Coal mining joint venture in Muara Enim (Bukit Asam and Huadian Corp.; $14.40 million).

-- Coal mining cooperation in East Kalimantan (PT Budi Dharma Kencana and Lark Guangdong Power Resources Inc.; $350 million).

-- Power plant financing in Pelabuhan Ratu (Exim Bank of China and PT PLN; $481.94 million).

-- Power plant financing in Pacitan (Exim Bank of China and PT PLN; $293.23 million).

-- Power plant construction in Cilacap (PLN, CNTIE, and Shanghai Electric; $605.29 million).

-- Power purchase agreement for Muara Enim (PT PLN and PT GH EMM Indonesia; $330 million).

Contact Eric Watkins at hippalus@yahoo.com.

Related Articles

EPP lets contract for another Gulf Coast PDH unit

03/18/2014 Enterprise Products Partners LP (EPP), Houston, has let a $100 million contract to CB&I, Houston, for pipe fabrication for a propane dehydrogen...

Azerbaijan looking beyond latest contract success, official says

03/17/2014 Azerbaijan will continue to develop partnerships with other countries as it tries to export more natural gas west from the Caspian basin, an offici...

GTL plant planned for Kazakhstan

03/17/2014 Kazakhstan and CompactGTL have signed a memorandum of cooperation to develop and implement associated gas processing technologies for the world’s f...

Ukraine gas plant starts up

03/12/2014 KUB-Gas LLC, a partially owned unit of Calgary-based Serinus Energy Inc., has completed and commissioned a gas processing plant at Makeevskoye, Ukr...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected