Cultivators Oil exploration in Indonesia

Oil Eksploration

Indonesia is one of the developing countries that have the potential of natural resources are very abundant. One of them adalh bumi.berjuta oil - million barrels of oil can be produced in Indonesia. Many countries - Indonesia Negar glanced in the world that is rich in its oil resources. And this has been done by countries - developed countries as a investor in the world spread their wings perminyakan.berikut some oil companies are already operating in Indonesia:

1. Chevron Pacific Indonesia

Chevron started its oil business in Indonesia about 80 years ago ie in 1924 under the name Standard Oil Co. of California (SOCAL) doing geological expedition in Sumatra.

in 1936 Standard Oil joined NV Nederlandsche Pacific Petroleum which later became Chevron Pacific Indonesia, a joint venture between The Texas Co.. (Texaco) and Socal.

In 1941, the company drilled in a location which later became the Duri Field. Steamflood technology was first applied to these wells in 1985.

1944, Chevron discovered the field in the village of Minas which started production in 1952. Wells became the largest oil field in Southeast Asia.

In 1990, Chevron to expand its operations, including by building a geothermal power and other renewable energy sources. Darajat III power plant project in 2007 was crowned as the world's largest project under the clean development mechanism of the UN.

Shares of Chevron Pacific Indonesia, wholly owned by ChevronTexaco Corporation.

2. PT Medco Energi Internasional Tbk (Medco)

Medco company started its business as a provider of drilling rig and a drilling contractor by the name of PT. Meta Epsi. MedcoEnergi oil and gas upstream business activities began with the acquisition of E & P contract Tesoro-owned oil and gas in East Kalimantan (Block and Block Tarakan Sanga-Sanga/Samboja/Tarakan TAC PSC) in 1992..Medco's initial public offering (IPO) in 1994. At the end of 1995 Medco acquired PT Stanvac Indonesia, which has a contract to E & P Oil & Gas (PSC) in South Sumatra, from Exxon and Mobil Oil..MedcoEnergi entering the downstream industry by entering into the Joint Operation Agreement with PT Pertamina (Persero) (Pertamina) for 20 years to operate the methanol plant owned by Pertamina in Bunyu Island, East Kalimantan in 1997. The project is using the supply of gas from Block Tarakan Gas Sale and Purchase Agreement with Pertamina for 10 years beginning in 1997. The expansion is carried out among others is to acquire 25% of the work that has been produced in Tuban block 2002. Medco began to build a refineries Liquefied Petroleum Gas (LPG) in mid-2003 and started operations in 2004.At the end of 2004 in cooperation with PT PLN (PLN), MedcoEnergi build and operate gas power plants, Panaran 1, on the island of Batam. In the same year, Medco took over 100% shares of Novus Petroleum Ltd., Australia's oil and gas public companies. MedcoEnergi entering the biofuels industry to build its first bio-ethanol by the end of 2006 and began operations in late 2008. In order to strengthen its downstream business, the company acquired a fuel storage facility in North Jakarta and initiating fuel storage and distribution of High Speed Diesel (HSD) in 2007. Medco's business restructuring either by divesting the business services provider drilling rig which was completed in early September 2008. Medco business now covers the main business, E & P Oil & Gas (in Indonesia and International), electricity and downstream industries that use fuel oil and gas and renewable energy. Proved Oil Reserves Medco in 2008 reached 74.9 (MMBO) is less than 2007 is 99.1. The highest reserves held in 2005 that 117 million barrels (MMBO). Medco assets tend to increase in 2004 to 2008. In 2004 its assets reached 500.1 million U.S. $. Assets owned by Medco, among others, in the United States (7 exploration blocks and 8 blocks production) Libya (1 block exploration), Yemen (2 exploration blocks), Oman (penmgelolaan production services), Tunisia (1 block development), and Cambodia (2 exploration blocks.).In Indonesia, Medco has 6 exploration blocks, 1 block development, 9 blocks production, in addition to energy production facility that is non other petroleum; 1 pc LPG plant, a fuel storage and distribution facilities, a methanol plant, an ethanol refinery, a power plant gas, a backup generator, and a steam power plant. Medco capital expenditures for exploration and production in 2008 reached U.S. $ 284.3 million, downstream of U.S. $ 4.1 million, electricity U.S. $ 2.1 million, another U.S. $ 4.9 million for a total of U.S. $ 295.4 million. Actual capital expenditure budget is smaller than the total reached U.S. $ 532.1 million. As of December 2008, Medco's stock is owned largely by Encore Energy Pte.Ltd. which reached 50.70 percent. PT Medco Energi Internasional Tbk has a 11.72 percent stake. Society has a stake of 32.62 percent.

3. Petrochina

Founded in 1999 as part of a restructuring program China National Petroleum Corporation. Petrochina business is divided into four namely exploration, refining, transportation, storage and marketing of crude oil, production and sale of basic petrochemical products, and transmission of natural gas and crude oil.

The entry into Indonesia Petrochina preceded by an American company that is Trend International Limited (later to become Santa Fe Energy Resources), a joint venture with several multinational companies and get a production-sharing contract with Pertamina first.In 2000, Santa Fe Energy Resources was acquired by Devon Energy, and in June 2002, Petrochina acquisition of Devon Energy. Petrochina Exploration is the first oil field in Jabung, Jambi province, Irian Jaya, and East Java. The three oil wells produce 63,000 barrels per day. Petrochina awarded a contract for 20 years to supply gas from Indonesia to Singapore in 2001.

4. Amerada Hess

Hess is an oil and gas companies from the United States that operate in the United States, Britain, Norway, Denmark, Russia, Equatorial Guinea, Algeria, Libya, Gabon, Egypt, Ghana, and an array of joint development area in Malaysia, Thailand, Indonesia, Thailand , Azerbaijan, Australia, Brazil and St.. Lucia.

In Indonesia, Hess operating in Ujung Pangkah Field which produces gas. Regional operations are in Pangkah Hess (Hess 75%), Jambi Merang (Hess 25%), and the Natuna D (Hess 23%).. Non-gas production from Hess in the year 2007 that all condensate to reach 314,920 barrels or a daily average of 863 barrels. In 2008 production reached 827,778 barrels of condensate or a daily average of 2262 barrels. Hess shares owned by several oil and gas companies in the world and in Indonesia, namely Kufpec, Pertamina, Pacific Oil & Gas, Premier Oil, and Petronas. Hess global production in 2008 amounted to 266,000 barrels per day, while in 2007 amounted to 275,000 barrels per day. Hess assets in 2008 reached U.S. $ 28.589 million higher than in 2007 which reached U.S. $ 26.131 million.

5. Santos

Santos is an acronym for South Australia Northern Territory Oil Search was established in 1954.

The company began operations in Indonesia in the 1990s after the acquisition of oil and gas company that has a field in Indonesia. Crude oil and condensate production in 2008, Santos rose high into 2,311,735 barrels or a daily average of 6316 barrels from the previous year which amounted to 719,357 barrels of oil equivalent barrels per day in 1971.Until the first quarter of 2009 crude oil and condensate production reached 391,203 barrels Santos. Santos shares owned by a number of oil and gas companies globally such as Chevron, ConocoPhillips, BP, Lapindo, Medco, Talisman, Total, Energy Star, Cue, SPC, Petronas Carigali. Some companies are also operating in Indonesia.