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first_imgIndonesian energy giant Pertamina has finished drilling 12 new oil wells in the middle of the Sahara desert in Algeria, which marked the state-owned company’s first development project outside of Indonesia.Pertamina’s subsidiary, Pertamina International Exploration Production (PIEP), concluded the latest development of the Menzel Lejmat North (MLN) field in Block 405a, with the wrap-up of the drilling of its 12th well on March 17, according to a PIEP statement released on Saturday.PIEP earmarked US$14 million to drill each well but managed to cut costs and spend between $8.5 million and $10 million per well. The company did not elaborate on how it slashed spending, which resulted in an estimated budget saving of $100 million. The firm also cut short the duration of the drilling, from the targeted 55 days per well to 35 to 45 days per well.“[This] proves PIEP has the capacity and skills to operate overseas,” PIEP president director John Anis said in the statement, adding that field production would peak in 2021.Algeria is among PIEP’s many overseas assets, including in Nigeria, Tanzania and Malaysia, which is expected to boost Pertamina’s upstream business, the largest contributor to the company’s profits.Pertamina’s oil and gas production grew 1.4 percent year-on-year to 919 million barrels of oil equivalent per day (mboepd) in the first quarter, largely contributed by the company’s foreign operation, particularly in Algeria.Pertamina took over the MLN field from United States-based ConocoPhillips between 2012 and 2013 as the latter company underwent an asset disposition program. Block output reached 11,000 barrels of oil equivalent in 2012.The Indonesian company holds a 65 percent interest in the field while Spain’s Repsol holds the remaining 35 percent, despite Pertamina’s efforts to acquire the Madrid-based company’s share.Read also: Pertamina to go ahead with higher oil production plan despite oil price crashTopics :last_img read more

first_imgFranklin County, In. — Through a partnership with Margaret Mary Health and Stayin’ Alive, LCC Franklin County sheriff’s deputy Jason Lovins presented the program “Mentoring Successful Athletes” recently. Athletes gathered in the auditorium during their “Impact” period to hear about the dangers of tobacco and vapes, health-related issues, as well as legal consequences.Law Enforcement, health professionals, and school administrators across the country are seeing a dramatic increase among teenagers when it comes to tobacco and vaping use.  “This is an alarming trend and we anticipate increased health related problems as these teens become adults,” stated Franklin County Sheriff Ken Murphy.  “Any chance that we can use to educate the public about the dangers of tobacco, vaping, and nicotine addiction, we are happy to do our part,” Sheriff Murphy continued.“Mentoring Successful Athletes” is a new program being offered this year at the Franklin County High School by the partnership of Margaret Mary Health and Stayin’ Alive LCC.  This program has three areas of focus:  athletes, coaches, and parents.Anyone needing assistance to quit tobacco and vaping can contact 1-800-Quit-Now, operated by the National Cancer Institute.last_img read more

first_imgNoel Gallagher insists Manchester City ‘won’ the transfer window.Manuel Pellegrini strengthened his squad with the big money arrivals of Raheem Sterling, Kevin De Bruyne and Nicolas Otamendi, as well as adding the likes of Fabian Delph from Aston Villa and Patrick Roberts from Fulham.And Gallagher is delighted with the summer business done by his club.“We’ve won it – we’ve won the window,” he told the Sports Bar. “The good thing was we got all the targets we identified, even publically. It was no secret we were going for De Bruyne and Sterling.“Otamendi we didn’t know about until he came, but they’ve kind of pulled it off. Looking at the deals that have been done, I feel a bit for everybody else – apart from United!”last_img read more