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Pertamina to build LPG-Liquefied Petroleum Gas plant after they signed the contract with the Algerian government on June 15 in the Algerian Sahara. Located in the Sahara Desert, the field has been fully operated by Indonesia’s state-owned oil and gas company, Pertamina, through its upstream subsidiary since May 2014.
In addition to building LPG, a 35-year extension for MLN Menzel Ledjment Nord block has been awarded to Pertamina .
It will have a capacity of one million tons per year used for gas export to Indonesia, with an oil capacity of 35,000 barrels of oil per day. The MLN oil and gas block also includes 58 photovoltaic solar panels that generate 1,141 kWh per year.Solar energy will be used to support the operation of the blocks, resulting in an emission reduction of up to 7,507 tons of CO2 per year.
“Pertamina’s acquisition of oil and gas blocks abroad with the ‘bring the barrel home’ concept is a strategic move to maintain national energy security,” said Nicke Widyawati, CEO of Pertamina. “With this progression, we expect to reduce LPG imports and strengthen Indonesia’s trade balance. This is a concrete expression of Pertamina’s strong commitment to reduce CO2 emissions in all its activities after implementing environmental, social and governance implementations.” Algerian oil and gas company is a major contributor to foreign oil production of Indonesia.
This 35-year extension and building LPG agreement serves as an extension of Pertamina’s 2014 contract to develop the MLN block after the Indonesian company acquired a stake in ConocoPhillips’ Algerian division, oil and gas supermajor ConocoPhillips Argelia Ltd.The extension “shows the Algerian government’s confidence in Pertamina’s performance,” the company said. Located in the Sahara Desert, the field has been fully operated by Pertamina through its upstream subsidiary since May 2014. |
