Sunday, 20 April 2014
 
 
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BANGUNPRIMA GRAHAPERSADA
Overview
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TRISULA CBM ENERGY
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PT. Trisula CBM Energy (“Trisula) was incorporated in late 2006 with the intention of that company participating in applications for awards of PSCs for coal bed methane acreage in Indonesia either directly or as party to a joint cooperative with Indonesia’s state owned oil and gas enterprise, PT. Pertamina (“Pertamina”). In early February 2008, the Government of Indonesia approved the acquisition of the 95% of the authorized capital of Trisula by Indon CBM Ltd and the restructuring of the Board of Directors of that company to include all the directors of Indon CBM Ltd. This approval incorporated the approval for Trisula to maintain the status of a PMA entitling substantial foreign ownership and authorized activities in Indonesia as an oil and gas mining services entity.

Indon CBM and its substantially owned Indonesian domestic entity, Trisula, have actively participated by the provision of funding and technical expertise respectively, in the joint evaluation of south Sumatra CBM Concession II in collaboration with the University of Gadjah Mada at Yogyakarta.

The corporate and management structure of Indon CBM Ltd and the historical CBM experience of Indon CBM’s management are the subject of separate summations to this summary




 
PT. Trisula CBM Energi and PT. PERTAMINA have entered into a coal bed methane, “CBM”, agreement for South Sumatra Concession II on 29, September 2006. PT. PERTAMINA is Indonesia’s state owned oil and gas company with extensive South Sumatra operating area, and PT. PERTAMINA EP is subsidiary company by PT. PERTAMINA.

In early 2007 PT. Trisula CBM Energi together with PT. PERTAMINA EP extended the Concession II became 3,541.70 km2 acreage or three times bigger than previous Concession , which is named Concession II. PT. Trisula CBM Energi is charge with both financing , operating and providing CBM expertise, technology and experience to implement a South Sumatra joint evaluation together with PT. PERTAMINA EP and MIGAS to concession commercialization. PT. Trisula CBM Energi and PT. PERTAMINA EP will explore and develop proposing area to became one of potential CBM concession area in South Sumatra Basin.

Shallow coal bed methane reserves are found within the CBM concession in the Muara Enim formation being of a sub-bituminous type. Previous CBM potential studies have been conducted one by PT. PERTAMINA and the other by Indonesia’s oil and gas research body, LeMIgas. Coal properties have been determined to be suitable for coal bed methane and rank favorably with existing worldwide CBM producing basins. CBM estimation reserves are calculated as between 3 to 4 TCF, trillion cubic feet within the South Sumatra concession II.

 
Bunyu – Simenggaris CBM concession contains a proven prolific shallow coal reserve from surface to 1,500 meters. Pertamina geologic data base is extensive consisting of more than 100 wells, seismic, geologic and geophysical reports from exploration and existing conventional oil and gas production.

Pertamina infrastructure is in-place consisting of production wells, processing – compression and waste water treatment facilities. There is gas pipeline in Bunyu Island through Tarakan Island to Bontang Terminal. And also there are Pertamina Oil terminal and Methanol Plant in Bunyu Island. The gas pipelines within the CBM concession have existing gas offtake purchase agreements being currently and forecasted as undersupplied.

Shallow coal bed methane reserves are found within the CBM concession in the Bunyu, Meliat and Tarakan formations being of a sub-bituminous type. Coal properties have been determined to be suitable for coal bed methane and rank favorably with existing worlwide CBM producing basins. CBM estimation resources are calculated as between 6 to 15 TCF, trillion cubic feet within the Bunyu Simenggaris concession.

 
The Proposed Rengat CBM concession contains a proven prolific coal reserve from 300 to 1,500 meters. Patra Nusa Data (PND)’s geologic data base is extensive consisting of 10 wells, more than 1,000 km2 seismic data, geologic and geophysical reports from exploration and existing conventional oil and gas production.

The infrastructure is in-place consisting of provinces- road between Jambi to Riau provinces, exploration wells infrastructure and waste water treatment for palm industry. There is gas pipeline cross the concession area from nothern Sumatra to Java Island Processing Terminal. Indon CBM Ltd expect, the gas pipelines within the CBM concession will have existing gas offtake purchase agreements being currently and forecasted as undersupplied to government of Indonesia .

Shallow coal bed methane reserves are found within the CBM concession in Lakat, Tualang, Korinci and Binio Formations being of a sub-bituminuos type. Preliminary in- house study by Indon CBM Ltd, in this area has gas content on target about 118 – 160 scf/ton. And Study Coal Properties have been determined to be suitable for coal bed methane and rank favorably with existing worlwide CBM producing basins. CBM estimation reserves are calculated as between 5 to 10 TCF, trillion cubic feet within the Proposed Rengat concession.