• Upstream
  • Pipelines & Transport
  • Downstream
Friday, July 18, 2025
Oil&Gas Advancement
  • Home
  • News
    Snam GTSOU Sign MoU to Boost Italy Ukraine Gas Markets

    Snam, GTSOU Sign MoU to Boost Italy-Ukraine Gas Markets

    Naftogaz, Baker Hughes Signs MOU to Boost Ukraine Energy

    Naftogaz, Baker Hughes Signs MOU to Boost Ukraine Energy

    SEFE-ADNOC-Gas-Deal Expands LNG Supply for Europe Energy

    SEFE, ADNOC Gas Deal Expands LNG Supply for Europe Energy

    Canada Broadens Outlook to be LNG Exporting Superpower

    Canada Broadens Outlook to be LNG Exporting Superpower

    Turkey Hikes Natural Gas Prices

    Turkey Hikes Natural Gas Prices Amid Budget Pressures

    Indonesia and Saudi

    Indonesia and Saudi Sign $27B Oil and Gas Investment Deals

    Oil Prices Surge 3 Percent

    Oil Prices Surge 3 Percent Amid Iran Move and US deal

    Germany Allows Drilling in North Sea Protected Marine Zone

    Germany Allows Drilling in North Sea Protected Marine Zone

    Crude Oil Prices Rise Ahead

    Crude Oil Prices Rise Ahead of OPEC Production Update

  • Projects
    South Africa Proposes

    South Africa Proposes US LNG Purchase Deal for 10 Years

    Alaska LNG

    Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG

    UAE Energy Investments in the US

    UAE Energy Investments in the US to Reach $440B by 2035

    agreements with US companies

    Aramco announces 34 MoUs and agreements with US companies

    Future-proofing-gas-sector

    Future-proofing Gas Sector for Efficiency and Sustainability

    South-Africa-Oil-and-Gas-Exploration

    South Africa Speeding-up its Oil and Gas Exploration

    Upstream-Exploration

    High-Risk Geographies in Upstream Exploration and Challenges

    Offshore-Drilling

    Innovations Driving the Future of Offshore Drilling

    Gato-do-Mato

    Shell Approves Gato do Mato Project in Brazil

  • Whitepapers

    OGA 2017 Post Show Report

    US Polyethylene Export Market Report 2017-2020

    US Polyethylene Export Market Report 2017-2020

    Embedded SSD Flash Management

    Enterprise SSD: More Than Just a New Kind of Hard Drive

    Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

    Don’t Miss the Unconventional Resource Revolution’s Next Wave

    Better Safety, Better Business: Maintain Compliance and Drive Revenue: Put All of Your Data to Work

    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases
    Youth-Empowerment at Namibia Oil and Gas Conference 2025

    Namibia Oil and Gas Conference 2025 Announces Future Generations Masterclass in Partnership with the Namibia Youth Energy Forum

    Alaska LNG

    Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG

    agreements with US companies

    Aramco announces 34 MoUs and agreements with US companies

    Sinopec Sets New Vertical Well Depth

    Sinopec Sets New Vertical Well Depth Record of 5,300 Meters

    Jubail Asset Integrity

    Jubail to Host the 3rd Asset Integrity and Process Safety Conference & Exhibition 2025

    IPTC 2025 Launched: Driving Innovation, Sustainability, and Excellence in Energy

    Ocean Business announces exhibitor list for 2025 show

    Ocean Business 2025 conference programme announced

    Engine No. 1, Chevron And GE Vernova To Power U.S. Data Centers

  • Market Reports
    HDPE Market in Oil and Gas

    HDPE Market in Oil and Gas: Trends and Global Forecast

    Top 5 Oil and Gas Sector Trends that are Active in 2025

    Oil-and-Gas-Analytics

    Oil and Gas Analytics Market Growth Trends and Forecast

    Gas-Transportation

    Transport Capacity – Key to Gas Sector Growth in India

    Offshore-Drilling

    Namibia Showcases its Offshore Drilling Activities

    Global-Oil

    Demand for Global Oil to Grow to Almost 104 mb/d in 2025

    ExxonMobil to sell Norway upstream operations for $4.5 billion

    ExxonMobil completes acquisition of Pioneer Natural Resources

    Ithaca Energy unit to acquire Chevron’s Central North Sea assets

    ExxonMobil doubles Permian footprint after finalizing Pioneer acquisition

    CNOOC

    Petrobras achieves second highest profit in history in 2023: R$ 124.6 billion

  • Events
  • Contact Us
No Result
View All Result
Oil&Gas Advancement
No Result
View All Result

Medco Energi to sell gas from Aceh’s Block A in Indonesia to Pertamina

Share on FacebookShare on Twitter

Medco Energi Internasional has agreed to sell gas from Aceh’s Block A in Indonesia to Pertamina.

The gas sales and purchase agreement (GSPA) for Block A will be used to supply gas demand in the provinces of Aceh and North Sumatera.

The final investment decision is expected by mid 2015 and the gas supply is due to start by 2017 for a 13-year contract period.

“As Senoro Gas and Block A Gas projects complete in 2015 and 2017 respectively, the ratio of the Company’s revenues from oil and gas sales will be around 50:50.”

It includes a total gas volume of 198 Trillion British Thermal Unit (TBTU) and a daily gas supply of 58 billion British thermal unit (BBTU) per day.

MedcoEnergi operates and holds a 41.67% stake in participating interest in this Block A PSC. KrisEnergy and Japex own 41.66% and 16.67% stakes respectively.

MedcoEnergi has also signed the GSPA amendment with Perusahaan Daerah Mura Energi to meet the gas needs for electricity in Musi Rawas Regency, South Sumatera.

Under the deal, Medco E&P will supply gas from South Sumatera Block with a total contract volume of 8,750 BBTU for 11 years with a daily gas supply of 2.5 BBTU per day.

MedcoEnergi president director & CEO Lukman Mahfoedz said: “With the above signed gas sales contract, MedcoEnergi’s revenues will be less dependent to the global oil price fluctuation since the gas price is not linked to oil price.

“As Senoro Gas and Block A Gas projects complete in 2015 and 2017 respectively, the ratio of the Company’s revenues from oil and gas sales will be around 50:50.”

The total gas volume is more than 200 TBTU, equal to the total gas sales value of over $2bn.

Previous Post

Iran to spend up to $4.8 billion from sovereign fund development on oil

Next Post

Jacobs wins engineering services contract for Australia Pacific LNG facility

Related Posts

Snam GTSOU Sign MoU to Boost Italy Ukraine Gas Markets
News

Snam, GTSOU Sign MoU to Boost Italy-Ukraine Gas Markets

July 17, 2025
Naftogaz, Baker Hughes Signs MOU to Boost Ukraine Energy
News

Naftogaz, Baker Hughes Signs MOU to Boost Ukraine Energy

July 16, 2025
SEFE-ADNOC-Gas-Deal Expands LNG Supply for Europe Energy
Europe

SEFE, ADNOC Gas Deal Expands LNG Supply for Europe Energy

July 15, 2025
Canada Broadens Outlook to be LNG Exporting Superpower
News

Canada Broadens Outlook to be LNG Exporting Superpower

July 11, 2025
Turkey Hikes Natural Gas Prices
Gases

Turkey Hikes Natural Gas Prices Amid Budget Pressures

July 11, 2025
Indonesia and Saudi
News

Indonesia and Saudi Sign $27B Oil and Gas Investment Deals

July 10, 2025
Next Post

Jacobs wins engineering services contract for Australia Pacific LNG facility

Snam GTSOU Sign MoU to Boost Italy Ukraine Gas Markets
News

Snam, GTSOU Sign MoU to Boost Italy-Ukraine Gas Markets

July 17, 2025
Naftogaz, Baker Hughes Signs MOU to Boost Ukraine Energy
News

Naftogaz, Baker Hughes Signs MOU to Boost Ukraine Energy

July 16, 2025
SEFE-ADNOC-Gas-Deal Expands LNG Supply for Europe Energy
Europe

SEFE, ADNOC Gas Deal Expands LNG Supply for Europe Energy

July 15, 2025
Canada Broadens Outlook to be LNG Exporting Superpower
News

Canada Broadens Outlook to be LNG Exporting Superpower

July 11, 2025
Turkey Hikes Natural Gas Prices
Gases

Turkey Hikes Natural Gas Prices Amid Budget Pressures

July 11, 2025
Indonesia and Saudi
News

Indonesia and Saudi Sign $27B Oil and Gas Investment Deals

July 10, 2025

Subscribe Us

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack

System

  • Search
  • Site Map
  • RSS Feed
  • Upstream
  • Pipelines & Transport
  • Downstream

© 2018 Copyright Valuemediaservices 2018 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Whitepapers
  • Press Releases
  • Market Reports
  • Events
  • Contact Us

© 2018 Copyright Valuemediaservices 2018 All rights reserved.