The Jakarta Post
PT Pertamina Hulu Mahakam (PHM), the new operator of the Mahakam oil and gas block off East Kalimantan, has made its first crude oil shipment to serve a refinery owned by its sister company, PT Pertamina Integrated Supply Chain (ISC), in the provincial capital Balikpapan.
The first shipment on Friday indicated that the handover of Mahakam Block’s management from France’s Total E&P Indonesie and Japan’s Inpex Corporation had run smoothly, said Pertamina ISC temporary general manager John Anis.
“It [the shipment] is also a form of our support to fulfill the country’s energy needs. PHM will ship all of our crude oil and condensate to domestic buyer, which is PT Pertamina ISC,” he said.
Total and Inpex began operating Mahakam Block on Oct. 6, 1966. PHM, a subsidiary of state-owned energy giant Pertamina, took over on Jan. 1.
Based on its work plan and budget for 2018, the block is expected to produce 42,000 barrels of crude oil and condensate per day. The supply will be lifted through 68 shipments from Senipah terminal nine shipments from the Santan offshore terminal.
PHM operates a Single Buoy Mooring facility located 11 kilometers offshore to serve the shipments, which utilize Pertamina’s tanker, MT Gede. (srs)