Indonesia: Pertamina Explains Loss Mitigation Strategy
State-owned oil and gas company PT Pertamina is preparing a strategy to
optimize its efforts to construct new oil rigs and improve existing rigs.
"We are in the process of expose licensor selection," said Pertamina CEO Dwi
Soetjipto on Monday, January 30, 2017.
Moreover, Pertamina had recently experienced an unplanned shut down on
several oil rigs. As a result, the company is predicted to suffer US$70
million losses.
Dwi stated that the rig optimization program will be conducted through the
Refinery Development Master Plan (RDMP) project and New Grass Root Refinery
(NGRR) Project. "We have four rigs to be 'updated' through the RDMP
[project] and two new rigs for the NGRR [project]," Dwi said.
Dwi explained that the optimization efforts are aimed at achieving energy
sustainability in 2023. Dwi added that the company expected the rig
construction and improvement projects to run smoothly. "Hopefully [the
project] can run quickly and can be in accordance with the revitalization
target," Dwi added.
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Link to Original Article:
https://en.tempo.co/read/news/2017/01/30/056841147/Pertamina-Explains-Loss-M
itigation-Strategy
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John Diecker
APT Consulting Group Co., Ltd.
www.aptthailand.com
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