First semester of 2013, Pertamina EP Records Profit of Rp 10 Trillion

In the first half (I) 2013, PT Pertamina Exploration and Production (EP) posted a profit of Rp 10 trillion more. Targeted for this year, a subsidiary of state-owned PT Pertamina is able to reap a profit of Rp 18 trillion.
Public Relations Manager of PT Pertamina EP, Amperianto Agus told reporters in Jakarta, Saturday (3/8) night suggests, corporate profits optimistic embrace of it is based on the production performance of oil and gas corporation that produced it.
He said that the present level of oil production per day PT Pertamina EP reached 132 thousand barrels. The expected production rate constant and even increases with the exploration and discovery of new reserves by corporations. “In 2012, corporate profit reached Rp 21.5 trillion,” he said.
This year profit target of Rp 18 trillion does not mean a decrease compared to last year. Agus argues that profits surge last year in addition to the corporate consistency in producing oil and gas, as well as exchange rate differences and the rise in oil prices in the international market.
“Target profit last year (2012) amounted to Rp 17 trillion,” he added.
Most of PT Pertamina EP oil fields located in Sumatra, especially in Jambi, South Sumatra, North Sumatra, and Riau. Pertamina EP also has oil fields in West Java, Central Java and East Java.
“We’re also there is quite a large project in Central Java and East Java. BUT, it is where the gas production is later used to supply gas power plant Tambaklorok Semarang. If that was to be our gas production, is estimated to be saving USD 2 billion of fuel conversion used oil to gas power plant Tambaklorok Semarang, “he explained.
As a subsidiary of PT Pertamina engaged in the upstream oil and gas sector, according to Agus, operational and corporate performance requires the support of many parties, especially the government and society.
Oil theft cases in a massive scale in the pipeline Tempino-Plaju South Sumatra should not happen in other places. In the pipeline along the 265 kilometer (KM), he said, about 75% have been embedded in the ground at the depth of 1.5 meters to 2 meters.
“But, it remains stolen. Trick with building above the oil pipelines, oil pipelines and oil drilled and taken,” he said.