BP, Unocal, Total To Sign Gas Deals With Indonesian Cos

BP will sign an agreement this week to sell 265 million cubic feet/day of natural gas to Indonesia's state-owned electricity utility PT Perusahaan Listrik Negara, or PLN, a government body in Indonesia said.

The upstream oil and gas watchdog, Badan Pelaksana Migas, said BP will supply PLN with gas from its onshore gas field in West Java for 13 years at $2 per million British thermal units.

Meanwhile Unocal, Total S.A , and Indonesia's Vico will sign deals to sell a combined 82 million cubic feet/day of gas for 19 years to fertilizer plant Pupuk Kaltim I, 90 million cubic feet/day to Pupuk Kaltim II for 15 years, and 49 million cubic feet/day to Pupuk Kaltim IV for eight years from their fields in East Kalimantan.

The fertilizer plants, also located in East Kalimantan, are under state-owned PT Pabrik Pupuk Kaltim.