Easwaran Kanason

Co - founder of NrgEdge
Last Updated: January 7, 2021
1 view
Business Trends
image

In the closing days of 2020, Indonesia’s upstream regulator SKK Migas approved the Plan of Development submitted by operator Repsol, allowing the gas-rich Kaliberau field in South Sumatra’s Sakakemang block to now chase a production timeline of 2024/2025. At an estimated 2 trillion cubic feet of recoverable reserves, higher even than the 2001 Cepu oil field discovery that included 1.7 tcf of natural gas, Kaliberau is central to Indonesia’s future gas ambitions. As the statement from SKK Migas pointedly noted: Repsol is required to ‘immediately execute the plan to start production as soon as possible.’

That’s pretty obvious. In an industry characterised by huge investment sums and long development times, all parties involved will want to be able to make a return on their capital as soon as possible. But this being Indonesia, there is another level of ambition at play here, one that had already complicated Kaliberau’s pathway toward development.

Discovered in January 2019, the onshore Kaliberau discovery was a truly pleasant surprise, given that region in South Sumatra has already been thoroughly explored in the past. So Spain’s Repsol, along with its partners Petronas and MOECO, must have been over the moon with the discovery, especially when initial estimates indicated recoverable reserves exceeding 2 tcf. Even better, Kaliberau is just a mere 25km from the Grissik gas plant, which currently processes output from ConocoPhillips’ maturing Corridor concession for sale to Sumatra, West Java and Singapore; Repsol is also a partner in Corridor, along with Pertamina, and all three have been seeking new gas sources to extend the life of Corridor past 2024. Kaliberau comes at just the right time. Indonesia’s government must also have been overjoyed, given that the country has been aggressively seeking to reclaim its glory days from the 70s and 80s of being an energy powerhouse. A find of this size plays well into Indonesia’s goal of doubling domestic natural gas production by 2030 to transform the country (back) into a major gas exporter.

That’s all great so far. No complications there. But Indonesia also has secondary objectives that complicate the matter. Successive governments since the Suharto regime fell in 1998 have used energy subsidies as a means of national development. Part of this is self-preservation, subsidised gasoline and diesel is incredibly popular with the citizenry, and it has proven to be political suicide to attempt abolishing them. But the less-consumer facing aspect of this is the linkages to which energy powers the rest of Indonesia’s economy. The industrial sector in Indonesia currently pays some of the highest gas prices in Southeast Asia – at over US$9/mmBtu, compared to equivalent rates of US$6-8/mmBtu in Malaysia, Thailand or even Singapore, even since natural gas subsidies were ‘reformed’ without much political backlash. This makes the industries that the Indonesian government sees as crucial drivers of the economy – petrochemicals, fertiliser and steel – uncompetitive internationally. Which is why the government introduced a new gas price regulation in April 2020, which aims to (re)lower domestic gas prices for industries through government-funded subsidies.

Even in the richest of countries, subsidies can be a problem. But in Indonesia, it is not just a drain, but a financial haemorrhage. Mainly because Indonesia’s quixotic policies to simultaneously boost upstream production and divert a significant amount of those volumes domestically at the lowest price possible has seen upstream oil and gas production crater since the 1990s, forcing Indonesia to turn to imports. And, as an importer, it has to pay market rates.

Which is why one of the major sticking points about Kaliberau was the gas sales price, which is capped at US$6/mmBtu under the new regulation. It is an issue faced by many other natural gas projects in Indonesia, Inpex’s Masela Block (which has also finally been approved) and Genting Oil’s Kasuri but the sheer size of Kaliberau makes it stand out. Repsol has reportedly been gunning for a US$7/mmBtu price to commercialise Kaliberau; not necessarily because that was the breakeven level, but because a project of this size will be competing for capital within Repsol’s global upstream portfolio. SKK Migas’ decision to approve Kaliberau makes no mention of the gas price agreed between Repsol and the Indonesian government, and indeed, it may never be revealed but the approval suggests that a compromise was reached.

That’s one problem solved, and Kaliberau (along with Masela and its associate Abadi LNG plant) will now go ahead. But the existential quandary faced by the Indonesian government that has resulted in prolonged haggling of sales prices has drawn out what could have been a more straightforward process. And it does factor into the radar of other players, especially international upstream explorers that could easily divert capital earmarked for drilling in Indonesia elsewhere where government policy and dictates are not as mercurial. Local players like Pertamina don’t have a choice, but then again, Pertamina is in no position to fund any major exploration alone. Indonesia remains an appealing upstream target, if only because there are still many riches yet to be discovered across the vast archipelago. But the government remains more of an adversity, not an ally, in the race to tap those assets. You could argue that it is their right to play that role. So yes, Indonesia may hold all the cards in this game. But what use is holding all the cards if nobody else wants to play? Or pay?

Market Outlook:

  • Crude price trading range: Brent – US$49-51/b, WTI – US$47-49/b
  • Global crude oil benchmarks stick to their current range, as traders and market analysts watch for signs of how OPEC+ would react during its new monthly scheduled review of production levels
  • One of the main pillars of OPEC+, Russia, is signalling that it will support a further gradual increase – likely another 500,000 b/d – in February, citing that current global crude oil prices are at an ‘optimal’ range

Get timely updates about latest developments in oil & gas delivered to your inbox. Join our email list and get your targeted content regularly for free. 

Submit Your Details to Download Your Copy Today!

Read more:
3
2 0

Something interesting to share?
Join NrgEdge and create your own NrgBuzz today

Latest NrgBuzz

Petroleum products

Dear Sir/ madam ,


kindly note that we currently have Russia petroleum product in seller Tank at Ningbo port china / Rotterdam, LNG. JP54 , ESP0, JETA 1 ,LCO , We are looking for capable buyer to close the deal with .




kindly contact me on my Email.




Email: [email protected]

August, 17 2022
Metal pallet manufacturers

HIGH QUALITY

MATERIAL HANDLING SOLUTIONS

DISCOVER MORE

Welcome to Sre Kateel Industries

Our Products sell well throughout the country and have versatile applications in various industries.

STORAGE SYSTEM

MATERIAL HANDLING

PROCESS EQUIPMENT

AUTOMATION

Certifications

ISO- 9001-2015 QMS, ISO 14001:2015 EMS & OHSAS 18001:2007

INDUSTRY

Automobile

Heavy Machinery

Pharmaceutical

Manufacturing & Trading

OUR CLIENTS

 

ABOUT

PRODUCTS

SRE KATEEL INDUSTRIES

SY. #83, Superintendent Dinne, Gottigere Post

C.K. Palya Road, Off Bannergatta Main Road

Bengaluru - 560 083. INDIA.

Home

Company

Values

Storage System

Material Handling

Process Equipments

+91 9845669129 , +91 9901 889129

Team

Automation

[email protected]

© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.

SERVICES

Design

Engineering

Manufacturing

 

HOME

PRODUCTS

SERVICES

ABOUT

CONTACT

+91 9845669129 , +91 9901 889129

ISO- 9001-2015 QMS | ISO 14001:2015 EMS | OHSAS 18001:2007

[email protected]

 

HOME

PRODUCTS

SERVICES

ABOUT

CONTACT

+91 9845669129 , +91 9901 889129

ISO- 9001-2015 QMS | ISO 14001:2015 EMS | OHSAS 18001:2007

[email protected]

STORAGE SYSTEMS

PRODUCTS

MATERIAL HANDLING

PROCESS EQUIPMENTS

AUTOMATION

PALLETS

SAFETY LOCKERS

FIFO RACKS

RACK WITH AUTO SHUTTER

MEZZANINE FLOOR

TROLLEY & DOLLY

Our Products meet your requirements?

GET IN TOUCH

 

ABOUT

PRODUCTS

SRE KATEEL INDUSTRIES

SY. #83, Superintendent Dinne, Gottigere Post

C.K. Palya Road, Off Bannergatta Main Road

Bengaluru - 560 083. INDIA.

Home

Company

Values

Storage System

Material Handling

Process Equipments

+91 9845669129 , +91 9901 889129

Team

Automation

[email protected]

© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.

SERVICES

Design

Engineering

Manufacturing

 

HOME

PRODUCTS

SERVICES

ABOUT

CONTACT

+91 9845669129 , +91 9901 889129

ISO- 9001-2015 QMS | ISO 14001:2015 EMS | OHSAS 18001:2007

[email protected]

STORAGE SYSTEMS

PRODUCTS

MATERIAL HANDLING

PROCESS EQUIPMENTS

AUTOMATION

HOISTS

EOT CRANES

GOODS LIFTS

SCISSORS LIFTS

Our Products meet your requirements?

GET IN TOUCH

 

ABOUT

PRODUCTS

SRE KATEEL INDUSTRIES

SY. #83, Superintendent Dinne, Gottigere Post

C.K. Palya Road, Off Bannergatta Main Road

Bengaluru - 560 083. INDIA.

Home

Company

Values

Storage System

Material Handling

Process Equipments

+91 9845669129 , +91 9901 889129

Team

Automation

[email protected]

© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.

SERVICES

Design

Engineering

Manufacturing

 

HOME

PRODUCTS

SERVICES

ABOUT

CONTACT

+91 9845669129 , +91 9901 889129

ISO- 9001-2015 QMS | ISO 14001:2015 EMS | OHSAS 18001:2007

[email protected]

STORAGE SYSTEMS

PRODUCTS

MATERIAL HANDLING

PROCESS EQUIPMENTS

AUTOMATION

HOPPERS

INDUSTRIAL CHIMNEY

TANKS & VESSELS

Our Products meet your requirements?

GET IN TOUCH

 

ABOUT

PRODUCTS

SRE KATEEL INDUSTRIES

SY. #83, Superintendent Dinne, Gottigere Post

C.K. Palya Road, Off Bannergatta Main Road

Bengaluru - 560 083. INDIA.

Home

Company

Values

Storage System

Material Handling

Process Equipments

+91 9845669129 , +91 9901 889129

Team

Automation

[email protected]

© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.

SERVICES

Design

Engineering

Manufacturing

 

HOME

PRODUCTS

SERVICES

ABOUT

CONTACT

+91 9845669129 , +91 9901 889129

ISO- 9001-2015 QMS | ISO 14001:2015 EMS | OHSAS 18001:2007

[email protected]

STORAGE SYSTEMS

PRODUCTS

MATERIAL HANDLING

PROCESS EQUIPMENTS

AUTOMATION

CONVEYOR SYSTEMS

ASSEMBLY TABLES

ROTATING FIXTURES

GET IN TOUCH

Our Products meet your requirements?

 

ABOUT

PRODUCTS

SRE KATEEL INDUSTRIES

SY. #83, Superintendent Dinne, Gottigere Post

C.K. Palya Road, Off Bannergatta Main Road

Bengaluru - 560 083. INDIA.

Home

Company

Values

Storage System

Material Handling

Process Equipments

+91 9845669129 , +91 9901 889129

Team

Automation

[email protected]

© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.

SERVICES

Design

Engineering

Manufacturing

 

HOME

PRODUCTS

SERVICES

ABOUT

CONTACT

+91 9845669129 , +91 9901 889129

ISO- 9001-2015 QMS | ISO 14001:2015 EMS | OHSAS 18001:2007

[email protected]

SERVICES

OUR EXPERTISE

We are a team of highly qualified professionals delivering quality products of Highest Standards.

DESIGN

ENGINEERING

MANUFACTURING

We give utmost importance to precision. We are able to achieve it through a well-planned design and implementation. Designs that meet customer requirements; implementation that meet industry standards.

A perfectly crafted quality analysis and control process engineers our manufacturing. May it be procurement, design or manufacturing, the process is crafted to a achieve perfection.

We follow the latest manufacturing techniques. Our infrastructure is well-equipped and efficiently planned to analyze the design and deliver the

desired product.

Our Expertise meet your requirements?!

GET IN TOUCH

 

ABOUT

PRODUCTS

SRE KATEEL INDUSTRIES

SY. #83, Superintendent Dinne, Gottigere Post

C.K. Palya Road, Off Bannergatta Main Road

Bengaluru - 560 083. INDIA.

Home

Company

Values

Storage System

Material Handling

Process Equipments

+91 9845669129 , +91 9901 889129

Team

Automation

[email protected]

© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.

SERVICES

Design

Engineering

Manufacturing

 

HOME

PRODUCTS

SERVICES

ABOUT

CONTACT

+91 9845669129 , +91 9901 889129

ISO- 9001-2015 QMS | ISO 14001:2015 EMS | OHSAS 18001:2007

[email protected]

ABOUT

WELCOME TO SRE KATEEL

Sre Kateel Industries is an ISO- 9001-2015 QMS, ISO 14001:2015 EMS & OHSAS 18001:2007 certified fabrication Industry incorporated in the year 1993 is located in Bangalore India.

With over 3 decades of outstanding engineering, experience in fabrication, a team of highly skilled manpower and dedicated Professionals, we are confident to meet the requirements and supply all kind of storage & material handling equipments. Our manufacturing unit is spread over 30,000 square feet area.

WHY CHOOSE US

We can assure the widest range of engineering and fabrication products, with optimum

customization. We deliver exactly what the client expects from us, and many a times beyond their expectations.

Various industrial requirements under one roof

We are pioneers in storage & material handling solutions

We give utmost importance to quality and time

  • + Professionalism

We are team of qualified professionals. As we offer turn-key projects, we ensure utmost professionalism at every stage of planning, production and delivery.

  • + Quality Standard

We are an ISO certified company. Every process followed is per ISO standards and global trends. We procure raw material of high standards, and only from certified brands.

  • + Wide Range of Products

We have always been lauded for our wide range of products. May it be automation, material handling, process equipments or storage solutions, we provide the widest range, with industry specific and customer specific customization.

 

ABOUT

PRODUCTS

SRE KATEEL INDUSTRIES

SY. #83, Superintendent Dinne, Gottigere Post

C.K. Palya Road, Off Bannergatta Main Road

Bengaluru - 560 083. INDIA.

Home

Company

Values

Storage System

Material Handling

Process Equipments

+91 9845669129 , +91 9901 889129

Team

Automation

[email protected]

© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.

SERVICES

Design

Engineering

Manufacturing

 

HOME

PRODUCTS

SERVICES

ABOUT

CONTACT

+91 9845669129 , +91 9901 889129

ISO- 9001-2015 QMS | ISO 14001:2015 EMS | OHSAS 18001:2007

[email protected]

CONTACT

GET IN TOUCH

REACH US

Top of Form

Enter Name*

Enter Email*

Submitting Form...

The server encountered an error.

Form received.

Bottom of Form

Top of Form

Enter Your Message

Subject

Enter Phone Number

Bottom of Form

SRE KATEEL INDUSTRIES

SY. #83, Superintendent Dinne, Gottigere Post

C.K. Palya Road, Off Bannergatta Main Road

Bengaluru - 560 083. INDIA.

+91 9845669129 , +91 9901 889129

[email protected]

 

ABOUT

PRODUCTS

SRE KATEEL INDUSTRIES

SY. #83, Superintendent Dinne, Gottigere Post

C.K. Palya Road, Off Bannergatta Main Road

Bengaluru - 560 083. INDIA.

Home

Company

Values

Storage System

Material Handling

Process Equipments

+91 9845669129 , +91 9901 889129

Team

Automation

[email protected]

© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.

SERVICES

Design

Engineering

Manufacturing

https://srekateel.com

https://srekateel.com/index.html

https://srekateel.com/about.html

https://srekateel.com/products-storage-systems.html

https://srekateel.com/products-material-handling.html

https://srekateel.com/products-process-equipments.html

https://srekateel.com/products-automation.html

https://srekateel.com/services.html

https://srekateel.com/contact.html

https://www.google.com/maps/dir//Sre+Kateel+Industries+Sy.No.+83,+Superintendent+Dinne,+Gottigere+Post,+C.K.+Palya+Road+off,+Bannerghatta+Main+Rd+Bengaluru,+Karnataka+560083/@12.8398955,77.5991025,12z/data=!4m5!4m4!1m0!1m2!1m1!1s0x3bae6b87df21f64b:0x649e8ae0bbcf453c

August, 17 2022
EOT Crane Manufacturers in Bangalore, Hoist crane manufacturers

SRE KATEEL INDUSTRIES   Crane Manufacturers in Bangalore India, EOT Crane, Hoist Crane, Goods lift, Mezzanine floor, Heavy Duty Racks Manufacturers

Sre Kateel Industries Crane manufacturers, crane manufactures Bangalore, overhead E. O. T. cranes, overhead H.O.T. cranes, jib cranes, Goliath, Gantry cranes, Hoist, Pulleys, Hoist Crane, Goods Lift Manufacturers, Metal pallet, Mezzanine floor manufacturers, Heavy duty racks, Trolley manufacturers

Crane Manufacturers in Bangalore, EOT Crane, Hoist Crane, EOT Crane Manufacturers in Bangalore, Hoist crane manufacturers in India, Goods lift manufacturers, Mezzanine floor manufacturers, Metal pallet manufacturers,  Heavy duty racks manufacturers, Trolley manufacturers, Tanks and vessels manufacturers in India  https://srekateel.com

SRE KATEEL INDUSTRIES  Heavy duty racks Manufacturers, Tanks and vessels manufacturer, Trolley manufacturers, Goods lift manufacturers in Bangalore

We are manufacturers for EOT Crane, Hoist crane, Goods lift,  Mezzanine floor, Metal pallet, Heavy duty racks, Tanks and vessels, Trolley manufacturers in Bangalore Karnataka, India

EOT Crane Manufacturers, Hoist crane, Goods lift,  Mezzanine floor, Metal pallet, Heavy duty racks, Tanks and vessels, Trolley manufacturers

SRE KATEEL INDUSTRIES  Goods lift manufacturers,Crane Manufacturers in Bangalore

SRE KATEEL INDUSTRIES  Tanks and vessels manufacturers,Goods lift manufacturers,Crane Manufacturers in Bangalore

We are Specialist in Manufacturing like Trolley manufacturers, Tanks and vessels manufacturer, Heavy duty racks manufacturers, Metal pallet, Mezzanine floor manufacturers, Goods lift manufacturers, Crane Manufacturers, Hoist crane, EOT Crane Manufacturers in Bangalore

EOT Crane Manufacturers, Hoist crane, Goods lift,  Mezzanine floor, Metal pallet, Heavy duty racks, Tanks and vessels, Trolley manufacturers

SRE KATEEL INDUSTRIES   EOT Crane Manufacturers, Hoist crane, Goods lift,  Mezzanine floor, Metal pallet, Heavy duty racks, Tanks and vessels, Trolley manufacturers in Banagalore

Crane Manufacturer  SRE KATEEL INDUSTRIES  EOT Crane, Hoist crane, Goods lift, Mezzanine floor, Metal pallet, Heavy duty rack Manufacturers

SRE KATEEL INDUSTRIES   Mezzanine floor manufacturer, Metal pallet, Tanks and vessels, Goods lift, Heavy duty racks manufacturers

Goods Lift And Elevator - Self Supported Structure Goods Lift Manufacturer from Bengaluru

Manufacturer of a wide range of products which include self supported structure goods lift, canteen dumbwaiter lift, industrial goods elevators, dumbwaiter lift, hydraulic goods lift and industrial goods lifts.

Sre Kateel Industries is an ISO- 9001-2015 QMS, ISO 14001:2015 EMS & OHSAS 18001:2007 certified fabrication Industry incorporated in the year 1993 is located in Bangalore India.

With over 3 decades of outstanding engineering, experience in fabrication, a team of highly skilled manpower and dedicated Professionals, we are confident to meet the requirements and supply all kind of storage & material handling equipments. Our manufacturing unit is spread over 30,000 square feet area

Double Girder EOT Crane Manufacturers Bangalore ,Crane Manufacturers , Industrial crane manufacturers bangalore, Crane supplier, Overhead crane manufacturers, EOT Crane Manufacturers  Double Girder Crane Manufacturers,Single Girder Crane Manufacturers Bangalore, Jib Crane Manufacturers

overhead E. O. T. cranes, overhead H.O.T. cranes, jib cranes, Goliath/ Gantry cranes, Hoist, Pulleys, Hooks & Accessories

EOT Crane, EOT Crane Manufacturers, Single Girder Crane Manufacturers,  Monorails Manufacturers,Double Girder Crane Manufacturers, Jib Crane Manufacturers, Goliath Crane Manufacturers, Wire Rope Hoists Manufacturers, Grab Manufacturers, Gantry Crane Manufacturers, Jib Crane Manufacturers, Monorails Manufacturers in bangalore ,Gantry Crane Manufacturers in Banglore, Crane manufacturers Bangalore, Crane manufacturer Bangalore, Crane manufacturers in bangalore, Crane manufacturer in bangalore, Crane manufacturers in india, Crane manufacturer in india, Crane manufacturer india, Crane manufacturers india, Industrial crane manufacturer, Industrial crane manufacturers, Industrial fabrication bangalore, Industrial Fabrication india, Industrial fabrication, Double girder eot cranes bangalore, EOT cranes

crane, cranes, EOT Crane, jib crane, jib cranes, jib, jib cranes for sale, wire rope, overhead cranes, gantry crane, gantry cranes,jib crane manufacturer, gantry, eot cranes, goliath crane, transfer trolleys, gantry crane, electric hoist, double girder cranes, double girder crane, gantry cranes, single girder crane, overhead crane, bridge crane, cranes manufacturers, EOT cranes

Gantry Crane Manufacturers, Monorails Manufacturers, transfer trolleys, Jib Crane Manufacturers, EOT Crane Manufacturers,Goliath Crane Manufacturers, Grab Manufacturers, Double Girder Crane Manufacturers, Single Girder Crane Manufacturers, Wire Rope Hoists Manufacturers, EOT cranes

crane, cranes, EOT Crane, jib crane, jib cranes,EOT Crane, Single, Double Side Girder Crane, Jib Crane, Wire Rope Hoists, Grab, Gantry, Goliath, Monorails,Gantry Crane Manufacturers, transfer trolleys,  Monorails Manufacturers, Jib Crane Manufacturers, EOT Crane Manufacturers,Goliath Crane Manufacturers, Grab Manufacturers, Double Girder Crane Manufacturers, Single Girder Crane Manufacturers, Wire Rope Hoists Manufacturers, EOT cranes

Mezzanine Floor, Mezzanine Floor In Bangalore, Mezzanine Floor Manufacturers In Bangalore, Mezzanine Floor Suppliers In Bangalore, Best Mezzanine Floor In Bangalore, Customised Mezzanine Floor In Bangalore, Mezzanine Floor Structure Manufacturers

Heavy Duty Racks in Bangalore , Heavy Duty Pallet Racks Manufacturers

https://srekateel.com

https://srekateel.com/index.html

https://srekateel.com/about.html

https://srekateel.com/products-storage-systems.html

https://srekateel.com/products-material-handling.html

https://srekateel.com/products-process-equipments.html

https://srekateel.com/products-automation.html

https://srekateel.com/services.html

https://srekateel.com/contact.html

https://srekateel.com/images/fabrication.jpg?crc=3930609999

https://www.google.com/maps/dir//Sre+Kateel+Industries+Sy.No.+83,+Superintendent+Dinne,+Gottigere+Post,+C.K.+Palya+Road+off,+Bannerghatta+Main+Rd+Bengaluru,+Karnataka+560083/@12.8398955,77.5991025,12z/data=!4m5!4m4!1m0!1m2!1m1!1s0x3bae6b87df21f64b:0x649e8ae0bbcf453c

August, 17 2022