Exploration and Production Oil & Gas Companies ﺟﻬﺎن ﻟﻴﺴﺖ ﺷﺮﻛﺖ ﻫﺎي اﻛﺘﺸﺎف

Total Page:16

File Type:pdf, Size:1020Kb

Exploration and Production Oil & Gas Companies ﺟﻬﺎن ﻟﻴﺴﺖ ﺷﺮﻛﺖ ﻫﺎي اﻛﺘﺸﺎف ﺳﺎﻳﺖ ﻋﻠﻤﻲ ﺧﺒﺮي اوﻳﻞ اﻳﻨﺪاﺳﺘﺮي www.Oilindustry.ir Exploration and Production Oil & Gas Companies ﻟﻴﺴﺖ ﺷﺮﻛﺖ ﻫﺎي اﻛﺘﺸﺎف و ﺗﻮﻟﻴﺪ ﻧﻔﺖ ﺟﻬﺎن در زﻳﺮ ﻟﻴﺴﺘﻲ از ﺷﺮﻛﺖ ﻫﺎي ﻣﻨﺘﺨﺐ اﻛﺘﺸﺎف و ﺗﻮﺳﻌﻪ ﻧﻔﺖ ﺧﺎم در ﺳﺮاﺳﺮ ﺟﻬﺎن ﻣﻲ ﺑﺎﺷﺪ ﻛﻪ ﺑﻪ ﺗﺮﺗﻴﺐ اﻟﻔﺒﺎ اراﺋﻪ ﮔﺮدﻳﺪه اﻧﺪ. ﺧﺎﻃﺮ ﻧﺸﺎن ﻣﻲ ﮔﺮدد اﻳﻦ ﻟﻴﺴﺖ ﺷﺎﻣﻞ ﺷﺮﻛﺖ ﻫﺎﻳﻲ ﻛﻪ ﻓﻘﻂ ﺑﻪ ﻛﺎر ﭘﺎﻻﻳﺶ و ﻓﺮوش ﻣﺤﺼﻮﻻت و ﻓﺮاورده ﻫﺎي ﻧﻔﺘﻲ و ﮔﺎزي ﻣﻲ ﭘﺮدازﻧﺪ ﻧﻤﻲ ﺷﻮد. Oil Company Name Continent Country ADNOC Asia UAE‐Abu Dhabi Anadarko Petroleum North America USA ANCAP South America Uruguay Anonima Petroli Italiana Europe Italy Apache Corporation North America USA Arabian Gulf Oil Company Africa Libya ARC Resources North America Canada Ascom Group Europe Switzerland Atlantic Petroleum Europe Norwegian AWE Ocenia Australia Azerbaijan International Operating Europe Azerbaijan Company Bahrain Petroleum Company Asia Bahrain Bashneft Europe Russia Bayerngas Europe Norwegian BG Group Europe UK Reference: www.enr.com ﺳﺎﻳﺖ ﻋﻠﻤﻲ ﺧﺒﺮي اوﻳﻞ اﻳﻨﺪاﺳﺘﺮي www.Oilindustry.ir BHP Billiton Ocenia Australia Blacksands Pacific North America USA BP Europe UK Bridas Corporation South America Argentina Cabot Oil & Gas North America USA Cairn Energy Europe Scotland Cairn India Asia India Çalık Enerji Asia Turkey Canadian Natural Resources North America Canada Cenovus North America Canada Centrica Europe UK Ceylon Petroleum Corporation Asia Sri Lanka Chesapeake Energy North America USA Chevron Corporation North America USA China National Petroleum Asia China Corporation (CNPC) Cimarex Energy North America USA CITIC Resources Asia China CNOOC Asia China Compañía Española de Petróleos Europe Spain Concho Resources North America USA ConocoPhillips North America USA Consolidated Contractors Company Europe Athene Reference: www.enr.com ﺳﺎﻳﺖ ﻋﻠﻤﻲ ﺧﺒﺮي اوﻳﻞ اﻳﻨﺪاﺳﺘﺮي www.Oilindustry.ir Continental Resources North America USA CPC Corporation, Taiwan Asia Taiwan Crescent Point Energy North America Canada Cupet North America Cuba Dana Petroleum Europe UK Delek Group Asia Israel Denbury Resources North America USA Det Norske Oljeselskap Europe Norway Devon Energy North America USA DNO International Europe Norway DONG Energy Europe Denmerk Ecopetrol South America Columbia Edison Europe Italy Edoardo Raffinerie Garrone Europe Italian Empresa Nacional del Petróleo South America Chile Empresas Copec South America Chile Enarsa South America Argentina Encana North America Canada Energen North America USA Enerplus North America Canada Engie Europe French Eni Europe Italy Reference: www.enr.com ﺳﺎﻳﺖ ﻋﻠﻤﻲ ﺧﺒﺮي اوﻳﻞ اﻳﻨﺪاﺳﺘﺮي www.Oilindustry.ir ENOC Asia UAE Entreprise Tunisienne d'Activites Africa Tunisia Petroliere EOG Resources North America USA EQT North America USA Essar Oil Asia India ExxonMobil North America USA Galp Energia Europe Portuguese Gazprom Neft Europe Russian Geo‐Jade Petroleum Asia China Greka Energy North America USA Grupa Lotos Europe Poland Gujarat State Petroleum Asia India Corporation Hellenic Petroleum Europe Greece Hess Corporation North America USA HKN, Inc. North America USA Husky Energy North America Canada Imperial Oil North America Canada INA – Industrija Nafte Europe Crotia Inpex Asia Japan InterOil Europe Guinea Israel (Occupied Isramco Asia Palestine) JAPEX Asia Japan Reference: www.enr.com ﺳﺎﻳﺖ ﻋﻠﻤﻲ ﺧﺒﺮي اوﻳﻞ اﻳﻨﺪاﺳﺘﺮي www.Oilindustry.ir KazMunayGas Asia Kazakhstan Koch Industries North America USA Korea Gas Corporation Asia South Korea Korea National Oil Corporation Asia South Korea Kuwait Oil Company Asia Kuwait Laredo Petroleum North America USA Laricina Energy North America USA Linn Energy North America USA Lukoil Europe Russia Lundin Petroleum Europe Swedish Madagascar Oil Africa Madagascar Maersk Oil Europe Denmerk Marathon Oil North America USA Mari Gas Company Asia Pakistan Maxol Europe Ireland MedcoEnergi Asia Indonesia MEG Energy North America Canada Midland Oil Company Asia Iraq Missan Oil Company Asia Iraq Israel (Occupied Modiin Energy Asia Palestine) MOL Group Europe Hungary Moravské naftové doly Europe Czech Republica Reference: www.enr.com ﺳﺎﻳﺖ ﻋﻠﻤﻲ ﺧﺒﺮي اوﻳﻞ اﻳﻨﺪاﺳﺘﺮي www.Oilindustry.ir Murphy Oil North America USA Myanmar Oil and Gas Enterprise Asia Myanmar Naftna Industrija Srbije Europe Serbia Nalcor Energy North America Canada National Iranian Oil Asia Iran Company(NIOC) National Oil Corporation Africa Libya National Petroleum Company of Africa Congo the Congo Newfield Exploration North America USA Nigerian National Petroleum Africa Nigeria Corporation Nippon Oil Asia Japan Nobel Oil Group Europe Azerbaijan Noreco Europe Norway Norse Energy Europe Norway North America North Oil Company Asia Iraq Oasis Petroleum North America USA Occidental Petroleum North America USA OGX South America Brazil Oil and Gas Development Company Asia Pakistan Limited Oil and Natural Gas Asia India Corporation(ONGC) Oil India Asia India Reference: www.enr.com ﺳﺎﻳﺖ ﻋﻠﻤﻲ ﺧﺒﺮي اوﻳﻞ اﻳﻨﺪاﺳﺘﺮي www.Oilindustry.ir OMV Europe Austria OMV Petrom Europe Romania Origin Energy Ocenia Australia Pacific Exploration & Production North America Canada Pakistan Oilfields Asia Pakistan Pakistan Petroleum Asia Pakistan Partex Oil and Gas Europe Portugal Pemex North America Mexic Penn West Exploration North America Canada Perenco Europe Anglo‐French Pertamina Asia Indonesia Petrobangla Asia Bangladesh Petrobras South America Brazil PetroChina Asia China Petroecuador South America Ecuador PetroKazakhstan North America Canada Petrol AD Europe Bulgaria South America Venezuela Petróleos de Venezuela Petroleum Development Oman Asia Oman Petron Asia Malysia Petronas Asia Malysia Petroperú South America Peru Reference: www.enr.com ﺳﺎﻳﺖ ﻋﻠﻤﻲ ﺧﺒﺮي اوﻳﻞ اﻳﻨﺪاﺳﺘﺮي www.Oilindustry.ir Trinidad and Petrotrin North America Tobago Petrovietnam Asia Vietnam PGNiG Europe Poland Philippine National Oil Company Asia Philippine Pioneer Natural Resources North America USA PKN Orlen Europe Poland Premier Oil Europe UK PT Lapindo Brantas Asia Indonesia PTT Asia Thailand Qatar Petroleum Asia Qatar Questerre Europe Canada RAG Europe Austria Range Resources North America USA Reliance Industries Asia India Repsol Europe Spain Rocksource Europe Norway Rompetrol Europe Netherland Rosneft Europe Russia Anglo‐Dutch co Royal Dutch Shell Europe incorporated in UK Russneft Europe Russia RWE Dea Europe Germany Reference: www.enr.com ﺳﺎﻳﺖ ﻋﻠﻤﻲ ﺧﺒﺮي اوﻳﻞ اﻳﻨﺪاﺳﺘﺮي www.Oilindustry.ir Salamander Energy Europe UK SandRidge Energy North America USA Santos Ocenia Australia Saras S.p.A. Europe Italy Sasol Africa South Africa Saudi Aramco Asia Saudia Arabia Shaanxi Yanchang Petroleum Asia China ShaMaran Petroleum North America Canada Shell Oil Company North America USA London‐based Sibir Energy Europe Russian public limited co Singapore Petroleum Company Asia Singapore Sinochem Asia China Sinopec Asia China SM Energy North America USA Sonangol Group Africa Angola Sonatrach Africa Algeria South Oil Company Asia Iraq Star Africa Commodities & Africa Ghana Minerals Limited State Oil Company of Azerbaijan Europe Azerbaijan Republic Statoil Europe Norway Sudapet Africa Sudan Reference: www.enr.com ﺳﺎﻳﺖ ﻋﻠﻤﻲ ﺧﺒﺮي اوﻳﻞ اﻳﻨﺪاﺳﺘﺮي www.Oilindustry.ir Suncor Energy North America Canada Surgutneftegas Europe Russia Syncrude North America Crude Tatneft Europe Russia Thai Oil Asia Thailand Todd Energy Ocenia New Zealand Total S.A. Europe French Hong Kong & Towngas Asia China Tullow Oil Europe Irland Türkiye Petrolleri Anonim Ortaklığı Asia Turkey Ukrnafta Europe Ukrain Vaalco Energy North America USA Vegas Oil and Gas Africa Egypt Venoco North America USA Vermilion Energy North America Canada Vietsovpetro Asia Vietnam Whiting Petroleum Corporation North America USA Wintershall Europe Germany Woodside Petroleum Ocenia Australia WPX Energy North America USA XTO Energy North America USA YPF South America Argentina Reference: www.enr.com ﺳﺎﻳﺖ ﻋﻠﻤﻲ ﺧﺒﺮي اوﻳﻞ اﻳﻨﺪاﺳﺘﺮي www.Oilindustry.ir YPFB South America Bolivia Reference: www.enr.com .
Recommended publications
  • Naftna Industrija Srbije A.D
    Naftna industrija Srbije A.D. Consolidated Financial Statements and Independent Auditor’s Report 31 December 2016 This version of the financial statements is a translation from the original, which was prepared in Serbian language. All possible care has been taken to ensure that the translation is an accurate representation of the original. However, in all matters of interpretation of information, views or opinions, the original Serbian language version of the document takes precedence over this translation Contents INDEPENDENT AUDITOR’S REPORT CONSOLIDATED FINANCIAL STATEMENTS Consolidated Statement of Financial Position 1 Consolidated Statement of Profit and Loss and Other Comprehensive Income 2 Consolidated Statement of Changes in Shareholders’ Equity 3 Consolidated Statement of Cash Flows 4 Notes to the Consolidated Financial Statements 1. Generalinformation 5 2. Summary of Significant Accounting Policies 5 3 Critical Accounting Estimates, Assumptions and Judgments 15 4. Application of New IFRS 18 5. New Accounting Standards 19 6. Financial Risk Management 20 7. Segment Information 24 8. Cash and Cash Equivalents 27 9. Trade and Other Receivables 28 10. Inventories 29 11. Other Current Assets 30 12. Property, Plant and Equipment 31 13. Investment Property 33 14. Goodwill and Other Intangible Assets 35 15. Investments in Joint Venture 36 16. Trade and Other Non-Current Receivables 37 17. Deferred Income Tax 37 18. Other Non-current Assets 38 19. Short-term Debt and Current Portion of Long-term Debt 38 20. Trade and Other Payables 39 21. Other Current Liabilities 39 22. Other Taxes Payable 39 23. Long-term Debt 39 24. Provisions for Liabilities and Charges 41 25.
    [Show full text]
  • 2016 EITI Report
    Contents List of Abbreviations ......................................................................................................................6 Executive Summary........................................................................................................................8 1. EITI in Iraq .............................................................................................................................. 14 1.1. About the Extractive Industries Transparency Initiative (EITI) ................................... 14 1.2. EITI Implementation in Iraq .................................................................................................. 14 1.3. EITI Governance and leadership in Iraq (Requirement 1.1 – 1.3) ................................ 16 1.4. MSG Governance (Requirement 1.4) .................................................................................. 17 1.5. MSG Workplan (Requirement 1.5) ....................................................................................... 18 2. Legal Framework and Fiscal Regime for the Extractive Industries (Requirement 2.1) . 20 2.1. National Governance Structures ......................................................................................... 20 2.2. Overview of the regulations applicable to extractive industries ................................. 21 2.2.1. Extractive sector regulations in federal Iraq ........................................................................ 21 2.2.2. Overview of the corporate income tax and withholding tax regimes applicable
    [Show full text]
  • The Mineral Industry of Serbia in 2012
    2012 Minerals Yearbook SERBIA U.S. Department of the Interior February 2015 U.S. Geological Survey THE MINERAL INDUSTRY OF SERBIA By Yadira Soto-Viruet Serbia’s mineral industry was dominated by copper, iron Euromax Resources Ltd., and Reservoir Minerals Inc., and and steel, and refined petroleum products. Other mineral Orogen Gold plc of the United Kingdom. and mineral-based commodities produced in the country included cement, coal, gold, lead, natural gas, nitrogen, salt, Commodity Review and selenium. Metals Minerals in the National Economy Copper.—In May, state-owned RTB Bor announced the In 2012, Serbia’s gross domestic product (GDP) decreased rehabilitation and reopening of the Cerovo Mine after an by 1.7%. In 2011 (the most recent year for which data were investment of about $23 million. The open pit mine, which was available), mining and quarrying made up about 1.9% of the closed in 2002, is located 15 kilometers (km) northwest of Bor GDP. The value of exports of mining and quarrying products and had estimated reserves of about 150 Mt at an average grade in 2011 was about $92 million, and the value of imports of of 0.35% copper. The company envisioned that initial output mining and quarrying products was about $2.5 billion. About when production resumes at Cerovo would be 2.5 Mt/yr of ore 87% of crude petroleum and 90% of natural gas imports were and would increase to 5.5 Mt/yr after 2015. In 2011, RTB Bor from Russia. The country also imported about 98% of its iron awarded the contract for the modernization of its existing copper ores and concentrates from Ukraine (Statistical Office of the smelting complex to SCN-Lavalin Group Inc.
    [Show full text]
  • Structuring Petroleum-Sector Institutions
    Briefing October 2014 Considerations for Indonesia’s Universitas New Government: Structuring Gadjah Mada Petroleum-Sector Institutions Patrick Heller and Poppy Ismalina As Indonesia’s new government seeks to maximize the country’s benefits from the petroleum sector, one of its most important tasks will be to resolve the longstanding uncertainty surrounding the roles and responsibilities of the public institutions responsible for managing the sector. This briefing offers a perspective based on global experience in oil and gas as well as Indonesia’s own history. WHY PETROLEUM-SECTOR INSTITUTIONAL STRUCTURE MATTERS Effectively allocating roles and responsibilities among ministries, Pertamina, and other government agencies is crucial if Indonesia is to tackle the challenge of reinvigorating its petroleum sector. Indonesia faces declining petroleum reserves and production, rising consumption, costly fuel subsidies and a desire to boost the performance of Pertamina. The country therefore requires an institutional structure that will enable it to execute a coherent strategy and that empowers the assigned entities to manage exploration, production, relationships with contractors, tax collection and the enforcement of Indonesia’s laws and contracts. Most importantly, the government must decide whether to house regulatory (i.e., monitoring and oversight) responsibilities within Pertamina or in another body. The new government has an opportunity to reconcile the Constitutional Court’s decision on BP Migas and build a coherent, effective, forward-looking structure. In the aftermath of the 2012 Constitutional Court decision—which invalidated the role of independent regulator BP Migas as established in 2001 on the grounds that it did not meet the state’s responsibilities under Article 33 of the constitution—there has been confusion about the present and the future of government responsibility for the petroleum sector.
    [Show full text]
  • Energy on the Move Annual Report and Accounts 2014
    Energy on the move Annual Report and Accounts 2014 Energy on the move Annual Report and Accounts 2014 www.galpenergia.com This translation of the Portuguese document was made only for the convenience of non-Portuguese speaking interested parties. For all intents and purposes, the Portuguese version shall prevail. ENERGY ON THE MOVE To evolve is to become adapted to the challenges of our surroundings, it is to adjust to new realities and to find ways to overcome our goals. It is for this reason that we can today think of Galp Energia as a living organism, where concepts such as resilience, adaptation, adjustment, involvement and joint construction allow for continuous evolution. Exploration & Production Refining & Marketing Gas & Power Galp Energia + + = Annual Report and Accounts 2014 01 Galp Energia 8 1.1 Galp Energia in the world 10 1.2 Statement of the Board of Directors 12 1.3 Strategy 16 1.4 Main indicators 18 02 Activities 20 2.1 Market environment 21 2.2 Exploration & Production 25 2.3 Refining & Marketing 37 2.4 Gas & Power 41 03 Financial performance 44 3.1 Executive summary 45 3.2 Results analysis 45 3.3 Capital expenditure 47 3.4 Cash flow 47 3.5 Financial debt 48 04 Risk management 49 4.1 Risk management model 50 4.2 Internal control system 51 4.3 Main risks 52 05 Commitment to stakeholders 59 5.1 Corporate governance 60 5.2 Human capital 67 5.3 Research and technology 69 5.4 Health, safety and environment 70 5.5 Quality 72 5.6 Local community development 73 06 Appendices 74 6.1 Proposed allocation of net profit 75 6.2 Additional information 75 6.3 Consolidated financial statements 78 6.4 Reports and opinions 170 6.5 Glossary and acronyms 177 This page is intentionally left blank.
    [Show full text]
  • Media Monitoring Online Pertamina Projects Stall Amid Policy
    Media Monitoring Online Pertamina Projects Stall Amid Policy Flip-flops, Refinery Blaze Tanggal : Rabu , 31 Maret 2021 Media : The Jakarta Post Halaman : 2 Wartawan : Vincent Lingga Muatan Berita : Netral Narasumber : None () Rubrik : Headlines Topik : Kilang Minyak Nilai Iklan : Rp. 78.000.000 This is really bad news for energy, an extremely vital component of the economy. While Pertamina’s four refinery upgrade projects and two greenfield refinery projects launched in 2014 have been delayed by several years or even canceled, an inferno fire gutted the state-owned oil and gas giant’s newest refinery at Balongan, West Java, early Monday morning. Even though Pertamina has made assurances that the incident would not disrupt fuel supply and distribution, we cannot help but be concerned about the damage incurred on the downstream oil industry. Already Southeast Asia’s largest net importer of crude oil, gasoline and gasoil at an annual volume of almost 1 million barrels per day (bpd), Indonesia may have to import more refined fuel until the Balongan refinery resumes production at its 125,000 bpd full capacity. Pertamina’s six old refineries, which have a combined capacity of 1 million bpd, are able to produce only 850,000 bpd of refined fuel, barely half of national demand. Importing more fuel means stronger pressures on the balance of payments and larger drain on the foreign exchange reserves. The Balongan refinery, which came on stream in 1994, was the last plant Pertamina built. Many new greenfield and expansion projects that have been planned since then have suffered cancellations or prolonged delays due to the country’s notorious policy flip-flops and bureaucratic barriers.
    [Show full text]
  • Process Technologies and Projects for Biolpg
    energies Review Process Technologies and Projects for BioLPG Eric Johnson Atlantic Consulting, 8136 Gattikon, Switzerland; [email protected]; Tel.: +41-44-772-1079 Received: 8 December 2018; Accepted: 9 January 2019; Published: 15 January 2019 Abstract: Liquified petroleum gas (LPG)—currently consumed at some 300 million tonnes per year—consists of propane, butane, or a mixture of the two. Most of the world’s LPG is fossil, but recently, BioLPG has been commercialized as well. This paper reviews all possible synthesis routes to BioLPG: conventional chemical processes, biological processes, advanced chemical processes, and other. Processes are described, and projects are documented as of early 2018. The paper was compiled through an extensive literature review and a series of interviews with participants and stakeholders. Only one process is already commercial: hydrotreatment of bio-oils. Another, fermentation of sugars, has reached demonstration scale. The process with the largest potential for volume is gaseous conversion and synthesis of two feedstocks, cellulosics or organic wastes. In most cases, BioLPG is produced as a byproduct, i.e., a minor output of a multi-product process. BioLPG’s proportion of output varies according to detailed process design: for example, the advanced chemical processes can produce BioLPG at anywhere from 0–10% of output. All these processes and projects will be of interest to researchers, developers and LPG producers/marketers. Keywords: Liquified petroleum gas (LPG); BioLPG; biofuels; process technologies; alternative fuels 1. Introduction Liquified petroleum gas (LPG) is a major fuel for heating and transport, with a current global market of around 300 million tonnes per year.
    [Show full text]
  • Notes on the the Upstream Oil Market in South East Europe
    Notes on the The Upstream Oil Market in South East Europe on the occasion of the IENE 7 th South East Europe Energy Dialogue in cooperation with Athens: 28, Dimitriou Soutsou str. • GR-115 21 • Tel.: +30 210 817 1500 • Fax: +30 210 685 6657/8 Thessaloniki: 17, Ethnikis Antistasseos str. • GR-55134 • Tel.: +30 2310 478640-50-60-70 • Fax: +30 2310 455126 Certified by ISO 9001:2008 www.kgdi.gr KG LAW FIRM REF. NUM.: 2.801.709 Albania Has there been any research, exploration and/or exploitation activity in the last 10 years? Which companies are active in the upstream activity? Albania has many mineral resources, most notably: copper, iron-nickel and coal, as well as petroleum. There is located one of the largest onshore oil fields in Europe: Patos-Marinza, for which an increasing number of international oil companies today are securing oil prospecting licenses. Over the last decade, the country has awarded drilling licenses to a number of American, Austrian, Canadian, Croatian, Greek, and Swedish companies, and an increasing number of international companies are now seeking prospecting licenses. This has led to a growing workforce and an influx of investment in the oil, mining and gas sectors, which provides optimism for a long term recovery in the extractive industries. In the areas of exploration foreign companies prevail and operate on the basis of PSCs entered into with the Albanian state. In addition to minerals, Albania also holds considerable oil and natural gas, and the government is currently in the process of promoting increased production to international oil and gas firms in the wake of its program of privatization.
    [Show full text]
  • Jtb Steps on the Indonesian
    FEATURES JTB STEPS ON THE INDONESIAN GAS LATHAM & WATKINS, INTERNATIONAL LEGAL COUNSEL TO THE SPONSOR AND THE BORROWER IN THE FINANCING OF THE JAMBARAN-TIUNG BIRU PROJECT, PROVIDES AN OVERVIEW OF THE DEAL AND INSIGHT INTO SOME OF ITS NOTABLE FEATURES. BY CLARINDA TJIA-DHARMADI, PARTNER, TIM G FOURTEAU, COUNSEL, AND MEREDITH STRIKE, ASSOCIATE. The Jambaran-Tiung Biru Project (JTB Project) is 315m standard cubic feet per day of raw among the largest upstream oil and gas projects gas, the designing and installing of gas to reach financial close in Indonesia in the past processing facilities with a maximum capacity decade, and marks several important milestones of 330m standard cubic feet per day and the for project financings in the region. development of gas flow lines from the wells The limited recourse project financing to the gas processing facilities and sales gas utilised a trustee borrowing structure (TBS) and pipelines from the gas processing facilities to is the first project financing in the region to the Gresik-Semarang pipeline. comprise conventional interest-bearing tranches PEPC and PT Pertamina EP (PEP), a wholly- with Islamic financing tranches. owned subsidiary of Pertamina, are sponsoring It is also the first limited recourse project the development of the JTB Project (though financing to feature a subsidiary of Indonesian PEP is not a party to the financing). PEPC will state-owned oil and gas company PT Pertamina operate and maintain the JTB Project, including (Persero) (Pertamina), namely PT Pertamina EP the gas fields, pipelines and gas processing Cepu (PEPC), as the anchoring sponsor. facilities. Containing extensive Indonesian participation PEPC and PEP own 92% and 8% of the unit throughout the structure, it is also the first oil interests in the unitised JTB field, respectively, and gas project financing in Indonesia to be and will share a proportionate amount of supported by an all domestic offtake, with no project revenues, capital costs and operating government support, solidifying the trend set expenditures.
    [Show full text]
  • Analiza Efikasnosti Naftnih Kompanija U Srbiji Efficency Analysis of Oil Companies in Serbia
    ________________________________________________________________________ 79 Analiza efikasnosti naftnih kompanija u Srbiji Efficency Analysis of Oil Companies in Serbia prof. dr. sc. Radojko Lukić Ekonomski fakultet u Beogradu [email protected] Ključne reči: ekspolatacija sirove nafte i gasa, Abstract tržišno učešće, efikasnost poslovanja, financijske Lately, significant attention has been paid to the performanse, održivo izveštavanje evolution of the performance of oil companies around Key words: exploration of crude oil and gas, market the world, by individual regions and countries. Bearing share, business efficiency, financial performance, susta- this in mind, relying on the existing theoretical and inable reporting methodological and empirical results, this paper analyzes the efficiency of operations, financial perfor- mance and sustainable reporting of oil companies in Sažetak Serbia, with special emphasis on the Petroleum Industry of Serbia (NIS). The results of the survey show signifi- U poslednje vreme značajna se pažnja poklanja cant role of mining, i.e. oil companies in creating addi- evoluaciji performansi naftnih kompanija u svetu, tional value of the entire economy of Serbia. Concer- po pojedinim regionima i zemljama. Imajući to u ning the Petroleum Industry of Serbia, it has a signi- vidu, oslanjajući se na postojeće teorijsko-metodo- ficant place in the production and trade of petroleum loške i empirijske rezultate, u ovom radu se analizi- products in Serbia. For these reasons, the efficiency of raju efikasnosti poslovanja, finansijske performanse operations, financial performance and maintenance of i održivo izveštavanje naftnih kompanija u Srbiji, s the Petroleum Industry of Serbia has been complexly posebnim osvrtom na Naftnu industriju Srbije (NIS). analyzed. In this respect, according to many indicators, Rezultati istraživanja pokazuju značajnu ulogu rudar- it is at a satisfactory level in relation to the average of the stva, odnosno naftnih kompanija u kreiranju dodatne world’s leading oil companies.
    [Show full text]
  • Low Probability High Consequences Oil Spill Response Plan: Promoting Cooperation and Networking Emergency Respond
    PAJ Oil Spill Workshop 2017 “Considerations for future oil spill response management and operations” Tokyo | 12 December 2017 Low Probability High Consequences Oil Spill Response Plan: Promoting Cooperation and Networking Emergency Respond Dr. I Gusti Suarnaya Sidemen Direectorate General of Oil and Gas (MIGAS) Ministry of Energy and Mineral Resources 1 1 Kementerian ESDM Republik Indonesia CONTENTS 1. Potential Risk of Oil Spill 2. Existing Oil Spill Response Strategy 3. Changing Circumstances 4. New Oil Spill Response Strategy 2 2 Kementerian ESDM Republik Indonesia 1. Potential Risk Of Oil Spill 3 3 Kementerian ESDM Republik Indonesia Indonesia Oil Outlook Crude Oil Balance Projection Key Issues: 1. Oil Still play Important Role in Indonesia Energy Supply 2. Import dependency growing 3. Sea-lane security will become more and more important 4. National capacity in securing sea lane security growing 5. Risk of oil spill is in place Fuel Consumption Projection 6. Bilateral and multilateral cooperation to secure sea-lane and supply security and is needed 7. Bilateral and multilateral cooperation is need to combat oil spill Projection Source: BPPT IEO 2017 Ministry of Energy and Mineral Resources Republic of Indonesia POTENTIAL RISK OF OIL SPILL EXPLORATION AND REFINING PRODUCTION DISTRIBUTION INTERNATIONAL TRADE 2. Existing Oil Spill Response Staretgy Oil Spill Response Development Ministry of Transport Regulation No.: 58/2013 Oil Spill in Waters and Port Preparedness Joint President Regulation No. 109/2006 Decision/Regulation concerning DGOG and DGSC: Oil Spill In Indonesian Water DKP/49/1/1 No. Emergency Response 01/KPTS/DM/MIGAS/1 981 Permanent 13 Procedure concerning 11 Protection of Strait 06 Malacca again Pollution.
    [Show full text]
  • Poisoned by Gas: Institutional Failure, Energy Dependency, and Security
    POISONED BY GAS: INSTITUTIONAL FAILURE, ENERGY DEPENDENCY, AND SECURITY EMILY J. HOLLAND SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF DOCTOR OF PHILOSOPHY IN THE GRADUATE SCHOOL OF ARTS AND SCIENCES COLUMBIA UNIVERSITY 2017 © 2017 EMILY J. HOLLAND ALL RIGHTS RESERVED ABSTRACT POISONED BY GAS: INSTITUTIONAL FAILURE, ENERGY DEPENDENCY, AND SECURITY EMILY J. HOLLAND Many states lack domestic access to crucial energy supplies and must deal with the challenge of formulating an energy security policy that informs their relations with energy producing states. While secure and uninterrupted access to energy is crucial to state security and welfare, some states fail to implement energy security policies and remain dangerously dependent on a foreign supplier. In the post-Soviet region many states even actively resist attempts by the European Union and others to diversify their supplies. Why and under what conditions do states pursue energy security? Conversely, why do some highly dependent states fail to maximize their security vis-à-vis a dominant supplier? I argue that that to understand the complex nature of energy dependence and security it is necessary to look beyond energy markets to domestic political capture and institutional design. More specifically, I argue that initial reform choices guiding transition had long-lasting affects on the ability to make coherent policy choices. States that did not move away from Soviet era property rights empowered actors with an interest in maintaining the status quo of dependence. Others that instituted de facto democratic property rights to guide their energy transitions were able to block energy veto players and move towards a security maximizing diversification policy.
    [Show full text]