INDONESIA - Rachmat Sudibyo & BPMigas.
The Chairman of BPMigas, the E&P regulator regulator,
n the mechanical part of a gas delivery system that controls gas pressure that allows a manageable flow of drug vapor to escape.
see reducing valve. , Rachmat is a prominent upstream expert. Under him are four deputy chairmen and three of them are from Pertamina. The Ministry's Director General for Oil and Gas is another prominent upstream expert, Iin Arifin Takhyan, who until late 2002 was head of Pertamina's upstream division. Until early August 2002, Rachmat used to be director general of the ministry's Oil and Gas Directorate.
Set up in August 2002, BPMigas manages all types of E&P contracts for oil and gas including the PSCs. With offices separate from the ministry's, it reports directly to the president of the republic's office. Its activities are scrutinised by parliament. As in the case of Pertamina's top management, the senior BPMigas executives are appointed by the president of the republic.
Overseeing more than 175 contracts, BPMigas holds the state's shares in PSCs and all other upstream agreements, having replaced Pertamina as partner of related foreign and local companies. But, although BPMigas is not allowed to trade in the oil and gas entitlements of the state and has appointed Pertamina as its agent for this role, it does play a role in the marketing of LNG LNG (liquefied natural gas): see under natural gas. from new integrated gas E&P/downstream ventures, such as the US$5-5.5 bn Tannguh venture in Papua involving a BP-led consortium, and two Pertamina-led LNG projects.
For example, Rachmat in 2003 played a key role in negotiations with Sempra Energy Sempra Energy NYSE: SRE is a San Diego, California-based energy services holding company that was founded in 1998. Sempra owns the Southern California Gas Company, San Diego Gas & Electric, Sempra Commodities, and Sempra Generation. for LNG supplies from Tangguh to the US West Coast. Eventually this lead to a deal whereby Sempra will purchase 3.7m t/y of Tangguh LNG which will be shipped to a terminal in Baja California Baja California, state, Mexico
Baja California (Span.: bä`hä kälēfōr`nyä), state (1990 pop. 1,660,855), 27,628 sq mi (71,576 sq km), NW Mexico, on the Baja California peninsula. Mexicali is the capital. . Regasified gas will then be pumped north to California. This, in fact, is the first Asian LNG project dedicated partly to the North American North American
named after North America.
North American blastomycosis
see North American blastomycosis.
North American cattle tick
see boophilusannulatus. West Coast.
In mid-2004, Rachmat signed preliminary agreements with three Chinese companies Chinese owned companies can be defined as enterprises within mainland China, Hong Kong, Macau and the Republic of China (Taiwan):
Rachmat has wanted BPMigas to be more successful than Pertamina in attracting foreign investment to the petroleum E&P sector. In late February 2003, BPMigas said it was to consider improving the oil and gas revenue split for new PSCs on a case-by-case basis. Speaking on the sidelines On the sidelines
An investor who decides not to invest due to market uncertainty.
on the sidelines
Of or relating to investors who, having assessed the market, have decided to avoid committing their funds. of a petroleum conference in Jakarta, Rachmat said individual companies were welcome to suggest ways to improve the terms of PSCs provided that the contractors' share was limited to 40%.
BPMigas was to consider other incentives. Rachmat said BPMigas may be more flexible in the local market obligation, under which contractors have to make available a certain part of their production internally. The news was welcomed by oil companies, albeit cautiously, as they noted that with the exception of some acreage such as frontier blocks and remote PSCs, Indonesian terms still dictate an 85:15 split in favour of BPMigas for oil production and 70:30 for gas.
BPMigas has been staffed by the 500-plus former employees of Pertamina's PSC (Public Service Commission) Same as PUC. Management Directorate, which was dissolved dis·solve
v. dis·solved, dis·solv·ing, dis·solves
1. To cause to pass into solution: dissolve salt in water.
2. when the regulatory authority Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest
administrative body, administrative unit - a unit with administrative responsibilities was established. These employees have been guaranteed the same pay as before, with their transfer to BPMigas completed in July 2002.
The employees were given the option of returning to Pertamina, if they so chose, after July 2003.
Prominent among BPMigas Chairman Rachmat's associates are Kardaya Warnika the deputy chairman in charge of PSCs, who has been co-ordinating closely with a ranking executive at the Ministry's Oil and Gas Directorate, Novian Thaib; and Zanial Achmad, the deputy chairman in charge of planning.
One of BPMigas' first tasks in August 2002 was to oversee the handover n. 1. The act of relinquishing property or authority etc. to another; as, the handover of occupied territory to the original posssessors; the handover of power from the military back to the civilian authorities s>. to the province of Riau of the Coastal Plains Pekanbaru PSA (Professional Services Automation) An information system designed to organize, track and manage all opportunities, work, resources, costs, revenues and invoices to improve the productivity and efficiency of the workforce. assets in onshore on·shore
1. Moving or directed toward the shore: an onshore wind.
2. Located on the shore: an onshore beacon; an onshore patrol.
adv. Central Sumatra from ChevronTexaco. This was the first province to take a direct upstream equity. In partnership with Pertamina, Riau took control of the CPP cpp - C preprocessor. block which produces oil (see Oil & Gas Market Trends No. 10).
BPMigas and the Jakarta government have been facing pressure from oil/gas producing provinces and regencies (regencies are sub-divisions of a province) demanding a role in the management of PSCs and other contracts in their regions. Although these regions failed to block passage of the new oil and gas law in parliament in late 2001, they have continued to lobby the Jakarta government for more say in the distribution of petroleum revenues to the provinces and regencies.
Aceh, a province commanding the northern part of Sumatra island, has been promised up to 70% of the area's oil and gas revenues under a special autonomy law passed in 2001 by Jakarta.
Aceh is a big producer of natural gas and has Indonesia's second biggest LNG complex in which ExxonMobil is a major partner of Pertamina (see Gas Market Trends Nos. 10 & 11).