EPC and Installation for MDK Field

Project’s Name                                                    : EPC and Installation for MDK Field Development

Tender Method                                                    : Limited Tender

Field Business                                                      : Construction Work / Integrated Services

Summary of Scope of Works                                 :

Contractor should be fully responsible to build facilities which consist of a four (4) legged unmanned platform and install 10” subsea pipeline approx.. 100 meter long connecting to a tie-in point at a water depth approx.. 103 meters.

Minimum Limits of Local Contents                         : 45%

Limited Bidders :

1.     Consortium PT PAL, Guangzhou Salvage, PT Hafar Daya Konstruksi and PT Sapta reksa Utama
2.     PT Saipem
3.     Consortium PT Technip Indonesia, PT Hanjung Indonesia, and TL Offshore Sdn Bhd
4.     Consortium PT Timas Suplindo and PT Bakrie Construction
5.     Consortium PT Gunanusa Utama and EMAs
6.     Consortium Meindo Elang Indah, PT Rajawali Swiber Cakrawala, and Swiber Offshore Construction Pte.Ltd
7.     PT McDermott Indonesia

           Location                                     : East Java Basin

Water Depth                               : 55-98m

Contract Area                              : 2,805 km2

Operator                                    : Husky-CNOOC Madura Ltd. ("HCML")

Working Interest                          : 20%

Contract Term                             : 20-year PSC expiring in October 2032

Discovered Fields

MDA (1984), BD (1987), MBH (2011), MDK (2012), MAC (2012), MAX (2012), MBJ (2012)

First Production   Expected by        : 2016

Patimban Port Project

Information :

1.     The Indonesian Government and its Japanese counterpart are discussing how to finance the new deep-sea port project in Patimbang, Subang, West of Java. The new port will replace the scrapped Cimalaya Port Project.
2.     Indonesian Government offered the Japanese government the option to take out the largest share of a USD 2.49 billion private loan.
3.     The interest rate on the loan is 0.25 percent and spans 40 years, including a grace period of 10 years
4.     Total Cost estimate reach USD 3.09 billion and the Indonesia Government has proposed to cover the remaining USD 600 million
5.     Process still being negotiated until next month for the Japanese government’s final decision on the proposed plan
6.     Loan agreement expected to be signed by the end of 2016, with groundbreaking scheduled for 2017. Ideally, the port will begin its first phase of operations by 2019
7.     Feasibility Study had done by JICA which was estimated USD 2.5 to 3 million

Technical :

1.     The port will have a container capacity of 250,000 TEUs in 2019
2.     Expanded to 7.5 million TEU’s by 2037