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  • New Contract, Pertamina to Develop Oil and Gas Block in Algeria for the Next 35 Years
    édité le 19/06/2023 - Plus de news de "PERTAMINA" - Voir la fiche entreprise de "PERTAMINA"

New Contract, Pertamina to Develop Oil and Gas Block in Algeria for the Next 35 Years
Pertamina has secured a contract extension for Menzel Ledjmet Nord (MLN) block management in Algeria. In the contract signed in Algiers on Thursday, June 15, the Algerian government entrusted Pertamina with oil and gas block management for the next 35 years. This extension demonstrates the Algerian government's confidence in Pertamina's performance.

Nicke Widyawati, President Director of PT Pertamina (Persero), stated that oil and gas block in Algeria is one of the main contributors to the company's foreign oil production. "Acquiring oil and gas blocks overseas with the concept of 'bring the barrel home' is a strategic step for Pertamina to maintain national energy security," said Nicke.

Nicke added that in this new contract, in addition to crude oil production, Pertamina has also been granted permission to build an LPG plant with a capacity of 1 million metric tons per year, in which the products will be brought to Indonesia.

"With this breakthrough, we hope to reduce LPG imports and strengthen Indonesia's trade balance," added Nicke.

At the same time, this Algerian oil and gas block also has the potential for renewable energy development, particularly solar PV, which will be utilized as a green electricity supply for the block's operations.

"This is a concrete manifestation of Pertamina's strong commitment to reducing carbon emissions in all its activities following the ESG implementation," emphasized Nicke.

Menzel Ledjmet Nord (MLN) Oil Field Algeria is one of the oil fields in the Sahara Desert, Algeria, fully operated by PT Pertamina (Persero) since May 2014 through its upstream sub-holding.

This block has an oil capacity of 35,000 barrels of oil per day (BOPD) and has 58 solar panels generating 1,141 kilowatt-hours (kWh) per year, resulting in an emission reduction of up to 7,507 tons of CO2 per year.

Pertamina, as a leading company in the energy transition, is committed to supporting the Net Zero Emission 2060 target by continuously promoting programs that directly impact the Sustainable Development Goals (SDGs) achievement. All these efforts align with Environmental, Social & Governance (ESG) implementation across all Pertamina's business lines and operations.

About Pertamina (Persero)

Pertamina has strong commitment to providing energy and developing new and renewable energy in order to sustain the national energy security and self-sufficiency. As a holding company in energy sector officially announced by the Indonesian Ministry of SOEs on June 12th, 2020, Pertamina now plays a strategic role in leading its six Sub-holdings which includes Upstream Subholding whose operation is placed under PT Pertamina Hulu Energi, Gas Subholding which is operated under PT Pertamina Gas Negara, Refinery & Petrochemical Subholding which is operated under PT Kilang Pertamina Internasional, Power & NRE Subholding managed under PT Pertamina Power Indonesia, Commercial & Trading Subholding operated under PT Patra Niaga, as well as Integrated Marine Logistics Subholding operated under PT Pertamina International Shipping.

Origine : Communiqué PERTAMINA

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