Energy Industry
Industry: Email Alert RSS FeedINDONESIA - Central Sumatra - Chevron.
APS Review Gas Market Trends, March, 2007
PT Caltex Pacific Indonesia (CPI) is the local unit of Caltex which in October 2001 was renamed ChevronTaxaco Asia, Middle East, Africa Refining and Marketing (ChevronTexaco AMEA). But the Indonesian unit's original name, CPI, has remained. CPI operates the main oil province under the jungles of Central Sumatra. Caltex, originally created as a 50-50 Chevron-Texaco JV operating in various parts of the world with emphasis on Asia, is fully owned by Chevron which has taken over Texaco. Indonesia is its main oil production zone.
CPI, which has the largest operation of any IOC in Indonesia, has undertook an expensive steam injection project at the Duri oilfield, but has experienced a drop in production mostly attributed to natural depletion.
CPI's onshore...
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