The Car Insurance : The Government review the potential "oil shale"

Compensation of fuel price hike A motor vehicle driver wait for the filling of FUEL FILLING STATION type of premium, in the way Abdul Muis, Jakarta, Wednesday (8/5). (Photo Of/Dhoni Setiawan) ()

The US has already successfully produced ' shale oil ' up to 700,000 barrels per day in North Dakota with technology ' fracturing ' (perekahan), "

Jakarta (The Car Insurance)-the Government examines the potential "shale oil" or nonkonvensional oil as a fuel substitute to conventional oil production that the longer the more limited.

Director General of oil and gas and MINERAL RESOURCES Ministry Edy Hermantoro here on Wednesday, saying that it is inviting domestic and foreign investors, especially the u.s., to examine the potential of "shale oil".

"The U.S. has already successfully produced ' shale oil ' up to 700,000 barrels per day in North Dakota with technology ' fracturing ' (perekahan)," he said.

Besides "shale oil", the US was first successfully produced gas shale gas type "nonkonvensional" in large numbers.

Edy hopes that Indonesia can also perform "shale oil", as well as other nonkonvensional gases, methane gas in coal (coal bed methane/CBM).

According to him, the potential "shale oil" in Indonesia is estimated to be enough of them located in the central part of Sumatra.

"In a technical, if gas is passed through the ' window ' (his time), will be turned into a liquid," he said.

The Government has published the Regulations the Minister of MINERAL RESOURCES No. 5 in 2012 on the establishment of Procedures and bidding work areas that regulate oil and gas Nonkonvensional pengusahaannya.

In accordance with the candy that was signed by Jero Wacik on January 31, 2012, the oil and gas reservoir comes from the "nonkonvensional" with low permeability, among others, "shale oil", "shale gas", "gas tight sand", CBM, and "methane-hydrate" are manufactured using technology such as perekahan.

Currently, the oil and gas resources of nonkonvensional recorded in Indonesia new CBM and "shale gas".

Resources "shale gas" expected to reach 574 trillion cubic feet and CBM as much as 452 trillion cubic feet.

The biggest potential gas nonkonvensional is known to be in Sumatra and Kalimantan.

Indonesia is already producing CBM of 0.5 million cubic feet per day (MMSCFD) from the field run Vico Indonesia in East Kalimantan.

The Government is targeting the field production increased to 10 MILLION until the end of 2013.

Currently, there are already 58 CBM cooperation contract.

Meanwhile, "shale gas" was planned to be signed its first cooperation on mid May 2013 with PT Pertamina (Persero).

Its location in Sumatra with an estimated reserves of 15 trillion cubic feet (TCF).

In addition, the Government will also launch an auction of Prime blocks "shale gas" located in Riau and Kalteng.

The Government hopes the first production "shale gas" can be done starting in 2018.
(K007/D007)

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CAR INSURANCE Review Fitch Head Off The Appreciation Of Sterling

Monexnews-Sterling touched a highest position of 1-month versus the U.s. Dollar as the emergence of signs of impending deal in the final minute to save Cyprus from the financial crisis. However, the appreciation of Sterling terhadang by action of Fitch Ratings, which on Friday had put the ' AAA ' rating on United Kingdom review for a possible downgrade due to increased anxiety will membengkaknya the State debt. Following the weak economic Data also still has the potential to restore Sterling under pressure to sell. CAR INSURANCE
The negative Outlook reflects Fitch's if given the economic and fiscal projections are the latest published by the Office for Budget Responsibility shows the United Kingdom Government debt will soon escalate and surpass the level it has been estimated that rating agencies before. (vid)


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Strengthening of stock prices last night was more due to the recovering United States economic data releases, including symptoms of recovery labor sector of the country. Market participants are increasingly optimistic economic future and addressing the income of corporations. Report of the Research Institute version of the ADP payrolls released better than expected, and gave rise to hope for similar results at official government labor data Friday. A majority of economists surveyed by CNN in February payrolls figure predicts it will be out in numbers of 175,000.

Other positive sentiment came from the central bank's commitment to maintain stimulus policies, which contributed to the stock price and toss. In the latest edition of the Beige Book release, The Fed said that economic activity in the 12 regions of moderate speed walking in since January. Nearly all the high officials of the Fed agreed asset purchase should proceed despite the symptoms of economic recovery was in sight. The potential price increase of equity stock valuation considering very open at this time was still relatively low. After being dragged to a nadir in 2009, prompting the stock market consistently strengthened in line with the interest of investors who buy improved. Most Wall Street analysts argued the stock price is relatively cheap when compared to the approximate amount of profit to be gained by issuers-issuers. The action of buying and selling a lot more predictable in a couple of weeks ahead in line with the movement of a stock rises over time.

(dim)

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