10-11 Mar, 2009 - Jakarta, INDONESIA
Hotel Mulia Senayan
Hotel Mulia Senayan
Source: Tempo Photos
Dr. Ing. Evita H. Legowo, who will provide the keynote address at the 2nd CBM World forum on 10-11 March 2009, said in an interview with the Jakarta Post, that “We want to attract more investment in the [Coal Bed Methane] sector.”
Dr. Evita, the Director General Oil & Gas at Indonesia’s Energy Ministry had just announced that the Indonesian government is now looking into implementing further incentives for companies that develop CBM projects in the country, all in a drive to attract more investment into the sector.
The incentive scheme being explored will include a tax facility system in which every oil and gas activity in the country is exempted from import duties for exploration equipment, and value-added tax.
CBM projects in Indonesia enjoy a relatively better production split oil and gas projects. CBM operators' profit share is 45 percent - much higher than the 15 percent and 30 percent that oil operators and gas operators get respectively.
Under its blueprint for the development of CBM, the government is targeting production of 1 billion standard cubic feet per day, or about 0.18 million barrels of oil equivalent, by 2025.
Gas production from CBM is expected to help Indonesia boost its declining gas output as Indonesia has the world's second largest CBM reserves after China, with total potential reserves of 453 trillion cubic feet.
Be at 2nd CBM World, on 10-11 March 2009 in Jakarta for further insights fromDr. Ing. Evita H. Legowo, PWHC, and other key players in Indonesia’s CBM sector, all of whom will provide insightful views on future direction and upcoming opportunities in the sector.
In an effort to attract funds into the CBM sector Indonesia announced in November 2007 it will offer investors a 45 percent production split for coalbed methane contracts. Since then, several successful contracts have been taken up.
In that same month, Director General Oil and Gas Luluk Sumiarso said the government will sign a CBM contract with PT Medco Energi Internasional Tbk (MEDC.JK), for the South Sumatra area. Then Ephindo and McLaren Resources Inc - under the flag South Sumatra Energy - together with Medco E&P, signed a CBM (Coal Bed Methane) contract with BPMIGAS in May 2008, witnessed by the Minister of Energy and Mineral Resources, Republic of Indonesia. The signing marks the first CBM Contract and signifies the beginning of CBM industry in Indonesia.
In June 2008 the government awarded two companies with coalbed methane (CBM) contracts; PT Ridlatama Mining Utama won a contract to extract gas from coal seams in a block in East Kalimantan, while PT Samantaka Mineral Prima will develop a block in Riau province.
CBM Asia Development Corp. announced in November 2008 that the Government of Indonesia awarded a production sharing contract ("PSC") for the development and production of coalbed methane on a portion of the Company's Kutai Block located in eastern Kalimantan Island of Indonesia. The PSC covers an area of approximately 760 square kilometres in the Kutai basin of Indonesia and has been granted to Kutai West CBM Inc. ("Kutai West"), a consortium established by the Company and its joint venture partners, and Newton Energy Capital Inc. ("Newton").
Studies have shown that the country has over 453 trillion cubic feet of CBM, twice the resource of natural gas. But due to a quirk in Indonesian law, the CBM potential has yet to be tapped. Indonesia differentiates between subsurface rights for coal and those of gas/oil hence would be CBM operators have to deal with both the owner of the coal rights and the owner of the gas/oil rights. In the confusion, nothing was accomplished.
At one of the contract signing ceremonies, the Minister of Energy completed his marathon-signing event, and spoke to the large assembled group for a few minutes. One of the key things he announced was that he had signed a document the prior night taking the coal people out of the equation. In the future, the gas and oil people have preference and anyone wanting to drill for CBM will deal with them and will not have to deal with both them and the coal people. As such, for a foreign company, it’s a giant step forward because it cuts the number of people involved in the deal in half.
Be at 2nd CBMWorld with the key people in the business and find opportunities in CoalBed Methane. Your participation in this conference is the gateway to your success in Indonesia’s vast gas resources!
It is generally known and accepted that Indonesia has one of the largest CBM reserves in the world estimated at approximately 453 trillion cubic feet. Coupled with policies welcoming foreign investments into the sector, and Indonesia’s rapidly growing domestic demand for Natural Gas, Indonesia’s CBM sector is now a potential lucrative cash cow for CBM investors.
We’d like to invite you to have a listen to our exclusive 2nd CBM World Interview, with top PriceWaterHouseCoopers (PWHC) executives Mr. William Deertz, head of the Indonesian Energy, Utilities and Mining practice & Mr. Antonius Sanyojaya, Taxations expert specializing in Indonesia’s Energy, Utilities and Mining industry.
Mr. Deertz & Mr. Sanyojaya address regulatory updates, investment outlook, environmental issues, barriers to investment, and how CBM will play a bigger part of Indonesia's energy mix – not to replace, but supplement LNG.
Don’t miss out as they share their candid insights on:
- What lies ahead for Indonesia’s CBM industry?
- Understanding the PSC regime for CBM production.
- The confusing policies and lack of infrastructure in Indonesia’s CBM sector.
- Will Coal Bed Methane overtake Conventional Natural Gas to supply Indonesia’s natural gas needs?
- Barriers to Developments in Indonesia’s CBM sector
- Environmental & Socio-Economic concerns associated with CBM mining that need to be addressed.
.... Plus many more...
Don’t miss out on this very eye-opening look at the Indonesian CBM sector. Sign up below to access and listen in to the Coal Bed Methane Interview!
In the mean time, don't forget to sign up for 2nd CBM World, which is less than a month away.
>>Click HERE to Register with your Team today for our special group discount!<<
DAILY GAS PRODUCTION EXCEEDS ONE MILLION CUBIC FEET
Green Dragon Gas Ltd (AIM: GDG), the Chinese coal bed methane (“CBM”) business, today announces an update on its continued success in developing its large coal bed methane resource across its six blocks in conjunction with its joint-venture partner, CUCBM.
| BLOCK | WELLS DRILLED 2008 | TOTAL WELLS COMPLETED TO DATE | WELLS ONLINE/ DE-WATERING | CURRENT WELL DRILLING |
| SHIZHUANG SOUTH | 15 | 135 | 47 | 0 |
| SHIZHUANG NORTH | 3 | 9 | 5 | 0 |
| QINYUAN | 8 | 14 | 10 | 3 |
| FENGCHENG | 5 | 19 | 13 | 1 |
| PANXIE EAST | 1 | 6 | 5 | 0 |
| GUIZHOU | 3 | 10 | 3 | 0 |
| TOTAL WELLS | 35 | 193 | 83 | 4 |
Shizhuang South (GSS), the Company’s most advanced gas production block, continues to increase as the de-watering wells convert to gas. The production at the Zayoun station has exceeded 33,000 cubic meters or 1,165,890 CF per day and continues to rise as the water table is reduced and casing pressures in the wells are reduced through production.
The Surface-to-In-Seam (SIS) wells drilled on the GSS block have proved successful within months of commencing production. A total of 2,880 meters was drilled in the coal seam utilizing Mitchell Energy proprietary technology, with whom the Company has a joint-venture. The first well GSS008 turned to gas production in excess of 8,000 cubic meters or 282,000 CF per day. The water table was reduced to 55 meters above the coal seam within 15 days of commencing production. The second well GSS031 is successfully de-watering with a demonstrative consistent reduction in the water table to 66 meters above the coal seam at present, alongside an increase in the casing head pressures. Gas production is expected once the water table is at the coal seam which is forecasted for the month end.
Randeep Grewal, Chairman & CEO commented:
“The SIS wells represent significant progress for the Company. The success of our GSS wells gives us the confidence to pursue and expand our development plans for the GSS block providing for significantly more horizontal wells than originally planned. The SIS wells enable greater gas drainage at a faster rate, with less surface footprint and related infrastructure. Although it is still early on the production curve, our decade long experience with coal seams allows us to appreciate the significant benefit of the SIS technology. With the application of the same proprietary technology, we are repeating in China the Australian Queensland success.”
The information contained in this announcement has been reviewed by Elton Dong, Vice General Manager Production, Bachelor of Science at Xi’an Petroleum Institute
Attend 2nd CBMWorld in Jakarta on 10-11 Mar 2009 now and get first hand information from CEO Randeep Grewal who will be presenting on his success in CBM.
For further information on the Company and its activities, please refer to the website at www.greendragongas.com
Source--MarketOracle.com
As the Chinese economy enjoys robust growth, satisfying the country’s energy appetite is becoming a daunting challenge and a top priority for President Hu Jintao and his government. And China is turning to coal as the key to their energy security.
China already relies on coal to generate three-quarters of its electricity, and the coal mining industry hires close to 7 million Chinese.
So it’s not very surprising that coal centric China wants to take advantage of coal bed methane as an alternative source of natural gas, cutting the country’s dependence on Natural Gas imports.
In 2006, it was reported that China used 1.4 billion cubic meters of coal bed methane, or 3% of the country’s total natural gas consumption.
But Beijing has set an ambitious target to increase coal bed methane output to 10 billion cubic meters annually by 2015.
This exciting announcement was made by China’s chief planner Hu Cunzi of the Ministry of Land and Resources at a press conference on Wednesday, 7 January 2009.
Over the past year and a half, the Chinese government has been rolling out a raft of preferential policies to help develop the nascent coal bed methane industry grow and establish. Tax breaks, Subsidies, waiver on import duties for equipment are paying off with foreign investment in China’s coal bed methane sector skyrocketing.
This new announcement is going to create a tremendous buzz among the coal bed methane industry representatives who will be at the upcoming 2nd CBMWorld conference on March 10-11 in Jakarta, Indonesia.
The timely conference which will bring together key players in the regional and global Coal Bed Methane industry features a critical speech Huang Shengchu, President of the China Coal Information Institute on the upcoming investment opportunities and policies for development of CBM in China.
Don’t miss out on this golden chance to quiz Huang Shengchu on the upcoming opportunities in China’s Coal Bed Methane sector.
>>Make sure you confirm your participation at the 2nd CBM World by CLICKING HERE to register!<<
The eagerly anticipated 2nd CBM (CoalBed Methane) World conference is back! To be held on 10-11 March in Jakarta, Indonesia, 2nd CBM (CoalBed Methane) World is the ONLY & MUST attend event for first-hand industry updates.
Testimonials/ Accolades from our Past CBM (CoalBed Methane) participants:
Very good conference especially for CBM ~ Nanang Muksin Halik Pertamina
A knowledge gained & productive session indeed ~Noraini Abdul Halim, Petronas
The Conference provided a good forum for exchanging idea on investing in CBM projects in Asia ~ Douglas Wight VP, Petron Resources
Give a excellent overview of CBM issues ~ Lachu Thevar
Valuable knowledge on CBM & its approach ~Le Van Hien Vietnam Petroleum Institute
Well organized and informative one ~ Pham Xuan Anh Petrovietnam
Get to know more about the new progress has been made by the relevant CBM professional companies’ through out the world ~Xue Yuan Kevin China United CBM
Good CBM – A new Approach, we wish to listen more on CBM economics ~Arora HK, Tolaram Group
The Conference was good and I got many information which definitely useful for other and our company in developing the CBM ~Bambang Irawan Vico Indonesia
Excellent overall, wide range of topics covered ~Meizarwin BP Indonesia
Very good experience by sharing and hearing the recent facts on CBM today from the players view ~ PT Pertamina
The material presentation is good – excellent ~ Budi Tamtomo Pertamina
Excellent CBM Conference ~ Eksindo Petroleum PT
If you need one stop for all your need for Asian CBM, this is the stop ~John Kontak Mclaren Resources:
Wide coverage of subject relevant to CBM/CMM project, worth considering upfront ~ Heng Hiok Boon, Shell China E&P
It added more information and updates from CBM/CMM ~Ronaldo R. Pendon, Department of Energy – Philippines
Be sure to reserve 10-11 March 2008 to attend 2nd CBM (CoalBed Methane) World event. Pre-Registrations are NOW open - Simply click here to sign up!
If you have any enquiries, please e-mail me at injleep@cmtsp.com.sg, or call me at 65-63469113.
I hope to see you at 2nd CBM (CoalBed Methane) World in Jakarta on 10-11 March 2008.
