Chandra Ekajaya is Great Oil Entrepreneur

PT Chandra Ekajaya Oil officially submits development proposals of two oil and gas field (oil and gas) in Iran, i.e. Ab-Teymour and Mansouji, that have each reserves estimation more than 1.5 billion barrels. The filling of a proposal is a follow-up of the memorandum of understanding (MoU) that both signed on 8 August 2016.

 

The submission of proposals was done by The Director, Yohanes Eka Jaya Chandra to Deputy on Engineering and Development National Iranian Oil Company (NIOC), Gholamreza Manoucherhri, witnessed by Minister of economy, Darmin Nasution, The Petroleum Minister of Iran, Bijan Namzar Zanganeh, Deputy Minister of energy and mineral resources, Arcandra Tahar, also the Ambassador of the Republic of Indonesia for the Islamic Republic of Iran, Octavino Alimudin.

 

Based on the MoU, PT Chandra Ekajaya Oil is given the opportunity to submit proposals development for Ab-Teymour and Mansouri at the end of February this year. For over four months, it performs technical evaluations of both places and now has been completed the development proposals of both places to be submitted to NIOC.

 

“We very expect this proposal be a cornerstone of both companies to direct negotiation on the management of both places,” said Syamsu through his statement in Jakarta, Thursday, (28/2).

 

The result of the technical evaluation by PT Chandra Ekajaya Oil shows that both places in Bangestan, South Iran have each reserve more than 1.5 billion barrels with potential production of each unit more than 200 thousand barrels per day (bpd).

 

As it known, Iran is a country with the 4th largest oil reserves in the world, about 157 billion barrels or 9,3 percent of total reserves oil in the world. Not only it, Iran also has the largest gasoil reserve, about 1,200 TCF or about 18,2 percent of total potential in the world.

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