Posts by mirahgroup

MAR

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To be the leading & preferred service provider in the regional various business. To provide innovative & professional services to meet clients needs and satisfaction through a competent, united and dedicated team. We will ensure sustainability of our organization through , innovative and creativity in our processes, upholding our corporate reputation, diversion, ty of our business and our talent.We are committed to continually ensure our system efficiency and effectiveness through , team spirit, earning trust, support & respect, high productivity. We are committed to ensure our core functional competency by emphasizing on our integrity, credibility and...

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RI may import LNG to meet gas demand from 2025

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RI may import LNG to meet gas demand from 2025

Indonesia may have to make LNG import to meet domestic gas demand starting 2025 unless new gas field development projects can be accelerated to provide new supply. This was revealed by Deputy Minister of Energy and Mineral Resources Arcandra Tahar at the opening of Gas Indonesia Summit and Exhibition in Jakarta on Wednesday. He said that based on the government’s new natural gas balance, which provides gas supply and demand projection in the period of 2018-2027, existing domestic sources can fulfill the entire domestic gas demand through 2024. The ministry is expected to soon launch the new gas balance. Arcandra said that new gas supply will be needed starting 2025, but it does not necessarily mean import as it can be fulfilled by accelerating the development new gas field projects such as the East Natuna block. “Nationally, domestic demand can be fulfilled through 2024 … But additional supply will be needed in 2025. This does not necessarily mean import, but can be fulfilled from new gas reserves or acceleration of the East Natuna field development,” he said as quoted by the statement. State-owned oil and gas firm PT Pertamina has been assigned to lead a consortium to develop the East Natuna project in Riau Islands province. The project has suffered various setbacks particularly after members of the consortium including ExxonMobil and PTT Exploration and Production Pcl decided last year to pull out from the project as it is deemed not economically feasible due to the high CO2 content. Elsehwere, Arcandra explained that under the new gas balance, the government divides gas demand in the country into three scenarios. In the first scenario, gas demand projection is made based on gas demand during the past five years, excluding demand from government-related programs such as household gas network and transportation. In the second scenario, demand projection is based on last year’s consumption and growth, and the country’s economic growth target. In the final scenario, demand project is made based on assumption of maximum capacity of manufacturing plants and economic growth target. In the first scenario, the entire domestic gas demand can be fulfilled by existing supplies. In fact, there’s surplus of supply in a number of regions until 2027. In the second and third scenario, there will be gas supply deficit in a number of regions. However, the deficit, such in Central Java can be mitigated through the completion of the Semarang-Gresik gas pipeline project. “Mitigation for the surplus and deficit will depend on the development of infrastructure (facilities),” he said. He said that based on the three scenarios, existing domestic sources can fulfil the domestic gas demand through...

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Six new mini LNG terminals to be inaugurated next year

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Six new mini LNG terminals to be inaugurated next year

The Ministry of Energy and Mineral Resources is pushing for the development of small-scale LNG terminals in the country to help facilitate the distribution of LNG to gas-fired power plants located in remote areas. Director General of Oil and Gas at the ministry, Djoko Siswanto said at the Gas Indonesia Summit and Exhibition on Wednesday, as quoted by ministry statement, six new mini LNG terminals will be inaugurated next year. He said that these include mini LNG terminals being developed by state-owned oil and gas firm PT Pertamina in Jayapura (Papua province), Kendari (Southeast Sulawesi), Ternate (North Maluku), Nabire (Papua), and Flores (East Nusa Tenggara). The LNG will be shipped from Bontang LNG plant in East Kalimantan, which will then be transported via trucks to power plants. Djoko said that state-controlled gas distribution firm PT PGN Tbk is also developing a mini LNG terminal in Papua. The LNG will come from the Tangguh plant in West Papua. On July 30, Pertamina unit PT Pertagas Niaga started the delivery of LNG via trucks from a mini LNG terminal to the 2×20 MW PLTG Sambera gas-fired power plant in Kutai Kertanegara, East Kalimantan. The use of gas by the power plant allows state-owned electricity firm PT PLN to reduce power production...

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The Mirah

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The Mirah

Enjoy a perfect blend of trully Indonesia’s hospitality with modern Hotel services for a Bogor Hotel that you can always depend on for an excellent stay to exceed your every expectation. Welcome to the Bogor’s best choice for a lovely stay.

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State-owned Pertamina to take control of Indonesia’s gas rich Mahakam Block from 2018

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State-owned Pertamina to take control of Indonesia’s gas rich Mahakam Block from 2018

The Indonesian state owned oil and gas company PT Pertamina will take control of the operation and development of major gas field Mahakam Block from January 1, 2018. The decision was taken after the government on Friday (June 19) decided to award 70 per cent of the participating interest in the block that is located in East Kalimantan province. Minister for Energy and Mineral Resources Sudirman Said, told the press that a portion of interest will be given to the East Kalimantan local government. The remaining 30 per cent interest will be given to Total E&P Indonesie of France and Inpex Corporation of Japan. The government granted majority interest to Pertamina because it wants the company to become the operator with full authority for the future development of the block. The exact portion of participating interest to the local government, however, is yet to be determined. Mahakam Block is currently operated by Total E&P. It holds 50 per cent working interest, while the other 50 per cent interest is owned by Inpex Corporation of Japan, as a non-operator partner. The existing operator signed the production sharing contract (PSC) to operate and develop the block on October 6, 1966. The first contract expired on March 30, 1997.  On January 11, 1997, the Indonesian government extended Total’s contract for 20 years to December 31, 2017. Both Total E&P and Inpex had submitted their interest to extend their contract to operate the block in 2007, however, the previous government delayed making decision on the contract extension. Mahakam Block began flowing gas from 1974 and helped to position the country as one of the largest LNG exporting nation. East Kalimantan governor Awang Faroek said in March this year, that of the total participating interest that is given to Pertamina, East Kalimantan province would get 11.4 per cent and Kutai Kartanegara Regency would get 7.6 per cent. However, the final decision depends on the result of negotiations between the central government, Pertamina and local governments. Total E&P Indonesie has earlier requested a transition period of five years after its contract expired in 2017, before the block’s operatorship was handed over to Pertamina. However, the government seems to be objecting to the proposal and wants the transition to be done prior to the expiration of the contract. Observers have said that the talks on participating interest composition and transition period have caused the negotiations to take longer time than expected. Total E&P Indonesie has said that it expects the Mahakam gas block’s proven reserves to fall to 2.7-3 trillion cubic feet (tcf) by 2017 and plunge further to 1.3-1.6 TCF in 2018 due to natural depletion from 4-4.5 TCF of gas at the end of 2012. Total said more investment was needed to discover new proven reserves in order to prevent the natural decline. Total spent at an average $2.5 billion per annum to maintain gas production from the block. The block’s gas output is supplied to the nearby Bontang liquefaction plant and shipped overseas as LNG. Mahakam block is located in offshore and onshore East Kalimantan. Some parts are located in swamp areas, making it one of the most complex gas blocks in Indonesia. Due to this, a few observers seem to be doubtful about Pertamina’s capability in handling the block, given its lack of experience in managing large gas block like Mahakam. However, the company managed to convince the government that it has the required capability to operate and develop the block. It has assured the government that the employees at the block will be retained, to ensure a continuity of the block’s operation....

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