Reuter News about Medco Gas Production in South Sumatra 2009

Source: Reuters 10/13/2009, Location: Asia

Reuter News about Medco Gas Production in South Sumatra 2009

PT Medco Energi Internasional Indonesian an energy exploreris in talks to supply 50 million cubic feet per day of natural gas to PT PGN (Nation Gas Company Indonesia), anounced on Tuesday October 13th 2009.

The president director of Medco's unit Medco E&P Indonesia Mr. Budi Basuki, told the gas would be used by upstream operations of Chevron in Central Sumatra Regional Operation.

Chevron need from Medco Gas for supporting technology used to coax more oil from its Duri field, to increase production. This steamflood technology, can enhance recovery on oil fields where output is declining.

This Chevron Company already has a gas supplier witch is ConocoPhillips, but the gas volume from ConocoPhillips isn't enough to support its upstream project.

Basuki word to the press (reuter) "The deal is expected to supply 50 million cubic feet per day of gas with price around $4 per million British thermal unit. Medco will supply for three years,We will finalise the deal as soon as possible." Medco will supply the gas from its field in South Sumatra.".

BPMIGAS institution has previously said that Chevron produced around 300,000 barrels per day of crude from South Sumatran Duri and Minas fields in Indonesia.


List of October 2009 event for International Petroleum Oil

1. PetroChem Arabia 2009
Dhahran international exhibition center DIEC, El Dammam, Saudi Arabia 4-6 October 2009. Organized by BME Global Ltd.
2. 17th Kazakhstan International Oil&Gas Exhibition & Conference 2009
Atalent Exhibition Centre, Almaty, Kazakhstan, Kazakhstan 6-9 Oct 2009, Atalent Exhibition Centre, Almaty, Kazakhstan
3. Middle East Energy Security Forum (MEESEC 2009)
Dubai, United Arab Emirates 11-14 October 2009, organized by Fleming Gulf FZ
4. Human Capital Innovation in Oil and Gas & Perochemicals 2009
Cairo, Egypt 11-13 October 2009. Organized by Fleming Gulf FZ LLC
5. Carbon World Doha 2009
Marriott Hotel Doha, Qatar 14-15 October 2009. Oranized by Centre for Managament Technology
6. Shanghai International Petroleum Petrochemical SIPPE 2009
Shanghimart Expo, Shanghai, China 14-16 October 2009. Organized by AI Expo- Exhibition
7. Deepwater Southeast Asia Congress 2009
Sheraton Imperial, Kuala Lumpur, Malaysia 15-16 October 2009. Organized by Neoventure Corporation.
8. CIPPE 2009 Shanghai
Shanghai Everbright Convention & Exhibition Centre, Shanghai, China 15-17 October 2009. Organized by Beijing zhenwei Exhibition Co. LTD.
9. Turkmenistan International Investment Forum 2009
Exhibition Palace "Sergi Koshgi" Ashgabat, Turkmenistan 15-17 October 2009. Organized by IC Energy Limited
10. Mega Machx 2009
Dhahran international exhibition center DIEC, Saudi Arabia 18-20 October 2009. Organized by BME Global Ltd.
11. China International Petroleum Equipment & Technology Exb CIPEE2009
Dongying Huanghe International Exhibition&Confeence Center Dongying, Shandong, China 18-20 Oct 2009. Organized by Beijing CEW International Fair Co., Ltd.
12. LNG TECH Global Summit 2009
Beurs-WTC Congress Center, Rotterdam, Netherlands/Holland 19-21 October 2009. Organized by World Trade Group.
13. Oil Gas Chemistry International trade show 2009
Samara, Russia 20-22 October 2009. Organized by Expo Volga.
14. The 4th International Energy Week
Moscow, Russia 26-27 October, 2009. Organized by ICC, Ltd
15. MENA Mining Congress 2009
Sheraton Bahrain Hotel, Manama, Bahrain 26-29 October 2009. Organized by Terrapinn Pte Ltd.
16. Offshore Middle East 2009
Bahrian International Exhibition Centre, Manama, Bahrain 27-29 October 2009. Organized by PennWell Corporation
17. Bioenergy Markets West Africa 2009
Accra, Ghana
18. 4th Mangystau Regional Oil, Gas and Infrastructure Exhibition 2009
Mangystau Regional Exhibition Centre. Aktau, Kazakhstan

Number 7 in South East Region.
list source : www.gulfoilandgas.com