Jakarta – PT Pertamina (Persero) through its subsidiary PT Pertamina EP Cepu (PT Pertamina EP Cepu) signed an engineering, procurement and construction (EPC) work contract for the gas processing facility (GPF) of the Jambaran Tiung Biru (JTB) Unitization Gas Development Project.
The signing of the EPC GPF JTB contract was carried out at the PT Pertamina EP Cepu Office, Jakarta, Monday (4/12) between the PT Pertamina EP Cepu President Director, Jamsaton Nababan and the PT Rekayasa Industri-JGC Indonesia-JGC Corporation Consortium represented by the Acting President Director of PT Rekind, Jakub Tarigan.
Present at the signing were PT Pertamina (Persero) Upstream Director Syamsu Alam, Deputy for Procurement Control of the Special Task Force for Upstream Oil and Gas (SKK Migas) Djoko Siswanto, and PT Pertamina EP President Director Nanang Abdul Manaf.
PT Pertamina (Persero) Vice President Corporate Communication Adiatma Sardjito said the EPC GPF work includes the preparation of production facilities starting at the wellpad, flowline, gathering line, and export pipeline, JTB gas purification facilities and the Banyu Urip CPF sharing facility.
“With the existing planning, we are targeting an ‘onstream’ JTB project in the fourth quarter of 2020 and the benefits can be enjoyed by the community, especially industries in the East Java and Central Java regions that need gas,” he said.
The Industrial Engineering Consortium won the EPC GPF JTB project tender because it provided the lowest bid price of US$ 984 million or US$ 105 million lower than the bid of the second ranked participant.
The JTB field is a unitization field between the Jambaran Field which is included in the Cepu Block and the Tiung Biru Field which is included in the work area of PT Pertamina EP with the operator being PT Pertamina EP Cepu. The JTB project is estimated to cost US$ 1.547 billion in capital expenditure with an average production capacity of 315 million cubic feet per day (MMSCFD) for 14.8 years. The JTB field has received a gas purchase commitment of 172 MMSCFD
“The project is estimated to absorb around 6,000 workers at the peak of its implementation,” Adiatma said.