PT Pertamina has confirmed that it will build a Liquefied Petroleum Gas or LPG factory with a capacity of 1 million metric tons per year in Algiers.
The Main Director of Pertamina, Nicke Widyawati, said that her party had obtained a permit to build an LPG factory from the Algerian authorities, because it was part of the management contract for the Menzel Ledjmet Nord Block. Later, products produced from these factories will be brought to Indonesia with the aim of reducing imports of these commodities.
"With this new innovation, it is hoped that it can reduce LPG imports and strengthen Indonesia's trade balance," said Nicke Widyawati.
In Algeria, Pertamina through PT Pertamina Algiers EP has just received a contract extension for the Menzel Ledjmet Nord Block for the next 35 years.
The Algerian authorities granted the contract extension because they assessed that Pertamina, Sonatrach, and Repsol Exploration 405a SA were capable of managing the onshore oil and gas block well. The block is also one of the mainstays of Pertamina's oil production from abroad.
"The acquisition of oil and gas blocks abroad with the concept of "bring the barrel home" is Pertamina's strategic move to maintain national energy security," said Nicke Widyawati.
Menzel Ledjmet Nord Oil Field is an oil and gas block located in the Sahara Desert, approximately 1,000 kilometers southeast of Algiers, the capital city of Algiers. Pertamina Algiers EP has fully managed Menzel Ledjmet Nord Oil Field operations since 2014 with a total Participating Interest (PI) of 65%.
The block has an oil capacity of 35,000 barrels of oil per day (BOPD), with an average oil production from January to May 2023 reaching 14,875 bpd.
Not only producing oil, the operator of the Menzel Ledjmet Nord Block also installed S8 solar panels which generate 1.141 kWh of electricity per year, and can reduce carbon emissions by up to 7,507 tons of CO2 equivalent per year.
Bisnis Indonesia, Page-4, Monday, June 19, 2023
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