Related Articles
Forward article link
Share PDF with colleagues

SE Asian NOCs find strength in numbers

A Petronas-Pertamina crude swap agreement was the latest instance of Southeast Asian NOCs teaming up to tackle shared energy security challenges

The $500mn crude oil swap deal between Malaysia’s Petronas and Indonesia’s Pertamina signed on 18 February was the latest in a trend of collaborative moves between NOCs in the region to boost efficiency and energy security. The deal targets midstream logistical savings but forms part of a broader agreement that extends to other midstream areas as well as upstream collaboration and has a potential value of $1bn. The agreement enables the NOCs to net-out expenses by swapping oil from fields that lay closer to each other’s refineries than their own. Pertamina says this will make an important contribution to national oil production goals. “This cooperation is part of Pertamina's efforts to impr



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Iraq renews gas drive
8 May 2021
Baghdad turns again to China to develop its second largest gasfield
European power trading innovation: Old dogs learn new tricks
7 May 2021
The founders of Energy Quantified by Montel have built analysis models before. But this time they have torn up the rulebook
Restrained US shale set for cashflow pay-off
7 May 2021
Rebounding oil prices have boosted company balance sheets, but debt remains the priority over growth
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video