Indonesia: CBM Asia Development & Medco Energi enter agreement to sell CBM gas from Sekayu PSC.


CBM Asia Development Corp has announced that Medco Energi has signed a non-binding Memorandum of Understanding (MOU), to conduct the sale and purchase of coalbed methane gas produced during the dewatering stage at the Sekayu Coalbed Methane (CBM) Production Sharing Contract (PSC), South Sumatra, Indonesia.
Mr. Alan Charuk, Chief Executive Officer and President, commented, 'This MOU will facilitate the early sale of coalbed gas from the Sekayu PSC, where CBM Asia earlier this month announced its NI 51-101 compliant Best Estimate of 1.062 trillion cubic feet of unrisked, recoverable gross prospective gas resources. We are currently assisting Medco’s engineering staff to design the pilot production program, expected to be initiated during 1Q-2012.'
Under the terms of the MOU, the Sekayu CBM PSC has been approved by Indonesia’s upstream oil and gas regulator, BPMigas, to sell coalbed methane produced during the dewatering stage for local power generation. The parties involved are working to define terms of a Gas Sales and Purchase Agreement (GSPA) that would provide the basis for gas sales and deliveries which are expected to commence during 2012.
Source: CBM Asia

Comments

Post a Comment

Popular posts from this blog

The Birth of the New Nation:South Sudan.

Image
First of all, I would like to greet the people of South Sudan for the birth of their nation. Welcome to the Global Community, South Sudan! South Sudan South Sudan , officially the   Republic of South Sudan ,   is a country in   East Africa . Its capital and largest city is   Juba , located in the southern state of   Central Equatoria . The landlocked country   is bordered by   Ethiopia   to the east;   Kenya ,   Uganda , and the   Democratic Republic of the Congo   to the south; the   Central African Republic   to the west; and   Sudan   to the north. South Sudan includes the vast   swamp   region of the   Sudd   formed by the   White Nile , locally called the   Bahr al Jabal . What is now South Sudan was initially part of the   British   and   Egyptian   condominium   of   Anglo-Egyptian Sudan   and became part of the   Republic of Sudan   when independence was achieved in 1956. Following the   First Sudanese Civil War , the   Southern Sudan Autonomous Region   was formed in 1
Read more

Armet Armored Vehicles Gurkha.

Image
Armet Armored Vehicles Gurkha Armet Armored Vehicles Gurkha is an armored military vehicle built by Ontario-based Armet Armored Vehicles Incorporated. The 4 X 4 wheeled light armored vehicle (LAV) and is based on the larger Armet Armored Vehicles Balkan Mk3 armored truck on a Ford F550 chassis. An optional turret is available for both the Balkan Mk3 and the Gurkha. Variants Balkan  an armored light truck (F550 chassis) with armor Balkan Mark 3  - same as the original Balkan with some minor upgrades Balkan Mark 4  - upgraded version of Mk3 with roof turret Kestrel Peacekeeper  - upgraded Gurkha without turret Knight-XV  - civilian variant by Toronto-based Conquest Vehicle Incorporated (manufactured in Markham, Ontario) Operators The vehicle has been sold for use by: United States Army Russian Foreign Ministry various American police SWAT teams Canadian Forces - product development Toronto Police Service The vehicle is also manufactured in Canada in Concord, Ontario. Ar
Read more

Eminem - Rap God

                                                                [Intro:] Look, I was gonna go easy on you not to hurt your feelings But I'm only going to get this one chance (Six minutes, six minutes) Something's wrong, I can feel it (Six minutes, six minutes, Slim Shady, you're on) Just a feeling I've got Like something's about to happen But I don't know what If that means, what I think it means, we're in trouble Big trouble. And if he is as bananas as you say I'm not taking any chances You were just what the doctor ordered [Chorus:] I'm beginning to feel like a Rap God, Rap God All my people from the front to the back nod, back nod Now who thinks their arms are long enough to slap box, slap box? They said I rap like a robot, so call me rap-bot [Verse 1:] But for me to rap like a computer must be in my genes I got a laptop in my back pocket My pen'll go off when I half-cock it Got a fat knot from that rap profit Made a living and a killing of
Read more