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The customer is the state owned company Pertamina, with an agreed gas price of US$ 9.45 per MMBTU.
This contract demonstrates the Company’s support to the development of the Indonesian domestic gas market, at the same time creating value for the company and establishing a vital economic presence in the province of Aceh.
The acquisition of Ophir will increase Medco Energi’s 2019 pro forma production by approximately 29% to 110 Mboepd, and combined 2P reserves by 86% to 1,439 MMboe.
As the world's largest single-contract geothermal power project upon completion, the plant is envisioned to provide clean and sustainable electricity in Indonesia and expected to reduce carbon dioxide emission up to 1.3 million tonnes a year.
In January 2015, Medco Energi inked a Gas Sales Agreement of over US$ 2 billion in value, monetizing 200 BCF reserves from the Block A Production Sharing Contract in Aceh Province, Indonesia.
Moving forward, we will continue to invest in the future.
An offshore PSC located in the South Natuna Sea with a large hydrocarbon base and best in class Health, Safety, and Environmental records.
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Moving forward In the aftermath of discovering your husband’s online world, it is perfectly understandable that you might feel disgusted and betrayed and to worry as to how much you can trust your husband.
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“Somehow just not keep marching in lockstep to the abyss.”Hefner’s discontent, ironically, came to a head in a moment of great joy.
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