Energi Mega Persada
| PT. Energi Mega Persada Tbk
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|---|---|
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| legal form | Tbk. |
| ISIN | ID1000098304 |
| founding | 2001 |
| Seat | Lampung |
| management | Christian Victor Ponto |
| Number of employees | 567 (June 30, 2007) |
| sales | 1.646 billion Rp (2006) |
| Branch | Mineral oil and natural gas |
PT. Energi Mega Persada Tbk (EMP for short) is an Indonesian stock corporation that is active in the exploration and exploitation of oil and gas fields through several subsidiaries . The head office is in Lampung .
The company is part of a network of companies controlled by the Bakrie family around the Indonesian Minister for Welfare Aburizal Bakrie (in office since December 5, 2005, previously Minister for Economy).
Wells by the former subsidiary Lapindo led to an environmental disaster at the end of May 2006 when a mud volcano erupted on Java .
Company history
The company was officially founded on October 16, 2001. It was approved at the end of November.
With the takeover of the US Delaware Corporation RHI Corp. (founded 1984), and its subsidiary Kondur Petroleum SA (Kondur) in February 2003, EPM gained indirect access to the Malacca Strait PSC ( Production Sharing Contract ), an oil-rich region off the east coast of the island of Sumatra , in the province of Riau . The company Kondur Petroleum, registered in Panama in 1995 , bought the rights for the 9,492 km² area in the Strait of Malacca from Lasmo Oil , also in 1995, and was thus the main operator. At the same time, it owned 34.46 percent of the “working interest”, that is, the share in the development and production of the raw materials stored there. In 2003 EMP had an average of 365 employees.
Struktur der Aktionäre 2003 (in Prozent), Tochtergesellschaften und Anteile:
|-- 49,95 % PT Energi Bumi Persada (EBP)
|
|-- 49,95 % PT Energi Daya Persada (EDP)
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|-- 0,08 % Julianto Benhayui (JB)
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|-- 0,02 % Rennier Abdul Rachman Latief (RARL)
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PT Energi Mega Persada
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|-- 100,00 % RHI Corp. -- 100,00 % Kondur Petroleum S.A. -- 34,46 % -- Malacca Strait PSC
In February 2004, 96 percent of the shares in PT Imbang Tata Alam (ITA), which had existed since 2001 and which holds a further 26.03 percent of the working interest in Malacca Strait PSC , were acquired. The remaining shares are held by China National Offshore Oil Corporation (32.58 percent) and Malacca Petroleum Limited (6.93 percent).
Kalila Energy Ltd. (KEL) and Pan Asia Enterprise Ltd. (PAN), both registered in Hong Kong since 1997 , were taken over in March 2004, and with it their subsidiary Lapindo Brantas Inc. (Lapindo), which has a 50 percent stake in the 3,050 km² area of Brantas in the east of the island of Java .
In March 2004 information about an upcoming IPO reached the press. According to this, EMP planned to sell 30 percent of the shares, corresponding to 2,847,433,500 shares, and thus take in up to Rp 510 billion . The investment bank PT Danatama Sekuritas accompanied the IPO. As of June 7, 2004, the shares were first traded on the Jakarta Stock Exchange (JSX) under the symbol ENRG. EMP was after PT Medco Energi Internasional , the second largest private oil company that was represented at the JSX. At that time, EMP was producing around 10,500 bpd (barrels of oil per day) and around 70 MMSCFD ( million standard cubic feet per day ) natural gas. The proved reserves were 34.3 million barrels of oil at and 130 billion cubic feet ( trillion cubic feet ) of gas.
In August 2004, EMP acquired Energi Mega Pratama Inc. from BP for 165 million US dollars, which has been active in the British Virgin Islands since 2003 . To finance this acquisition, Credit Suisse provided First Boston with a loan of US $ 95 million on August 3. Via two subsidiaries, the value of which was estimated at almost 100 million US dollars at the end of July, it is indirectly responsible for deposits in the Kangean Islands , about 120 kilometers north of Bali . It is estimated that the 4,508 km² area will store up to 2.6 trillion cubic feet of natural gas, of which 1.3 trillion has been proven. The government extended the usage rights to 2030 in the same year.
In 2005, two Dutch companies with headquarters in Amsterdam were taken over for 24,600 euros each; on May 23, 2005 A. Bohl Vastgoed BV (from June 24th Malacca Brantas Finance BV) and on November 21st Stijnahabenadviseurs BV (name changed to Energi Mega Persada Finance BV on the same day).
The average number of employees for 2004 was 585.
In December 2005, gas sales agreements totaling US $ 1.9 billion were signed with the three companies PT Perusahaan Listrik Negara (PLN), PT Perusahaan Gas Negara (PGN) and PT Pertamina . The agreement with the state-owned electricity supplier Perusahaan Listrik Negara was worth $ 1.07 billion and stipulated that a total of 369 tBtu ( trillion British thermal unit ) would be delivered by 2020 . EMP Kangean Ltd., previously BP Kangean Ltd. and registered in the US state of Delaware since 1987 , the natural gas is supposed to produce in the two fields Terang Sirasun and Rancak . At the end of 2005, the then CEO Chris Newton announced that he would be investing around 300 million US dollars in 2006 to develop existing and new fields.
For 308 million US dollars, EMP took over PT Tunas Harapan Perkasa (THP) from PT Mitra Andalan Mandiri in January 2006, which has production rights in several regions through respective subsidiaries; in North Sumatra near Tanjung Pura in the Gebang field together with the state-owned company Pertamina (50 percent), as well as Bentu PSC and Korinci Baru PSC in the area of Pekanbaru in the province of Riau , in the Gelam TAC south of Jambi and in the Semberah TAC north of Samarinda in East Kalimantan Province .
Struktur der Aktionäre 2006 (in Prozent), Tochtergesellschaften und Anteile:
|-- 33,18 % Streubesitz | |-- 30,41 % PT Kondur Indonesia (zuvor PT Energi Bumi Persada) | |-- 19,95 % PT Brantas Indonesia (zuvor PT Energi Daya Persada) | |-- 8,44 % UBS AG Singapore | |-- 4,71 % Rennier Abdul Rachman Latief (RARL) | |-- 3,31 % Julianto Benhayui (JB) | PT Energi Mega Persada | |-- 100,00 % Malacca Brantas Finance B.V. | |-- 100,00 % Energi Mega Persada Finance B.V. | |-- 100,00 % RHI Corp. -- 100,00 % Kondur Petroleum S.A. -- O/WI 34,46 % | | | Malacca Strait PSC | | |-- 96,00 % PT Imbang Tata Alam—WI 26,03 % ------------------| | |-- 99,99 % Kalila Energy Ltd. -------- 84,24 % --| | | | Lapindo Brantas Inc. -- WI 50,00 % -- Brantas PSC | | |-- 99,99 % Pan Asia Enterprise Ltd. -- 15,76 % --| | |-- 100,00 % Energi Mega Pratama Inc. | | | |-- 100,00 % EMP Kangean Ltd. -- WI 60,00 % --------| | | | | | Kangean PSC | | | | |-- 100,00 % EMP Exploration (Kangean) Ltd. -- WI 40,00 % | |-- 99,99 % PT Tunas Harapan Perkasa | |-- 100,00 % Costa International Group Ltd. -- WI 50 % -- Gebang JOB PSC | |-- 100,00 % Kalila (Bentu) Ltd. -- WI 100,00 % -- Bentu PSC | |-- 100,00 % Kalila (Korinci Baru) Ltd. -- WI 100,00 % -- Korinci Baru PSC | |-- 99,99 % PT Insani Mitrasani Gelam (Indonesia) -- WI 100,00 % -- Gelam TAC | |-- 99,99 % PT Semberani Persada (Indonesia) -- WI 100,00 % -- Semberah TAC
A merger announced on March 21, 2006 with PT Bumi Resources , the largest producer of coal in Indonesia and also part of the Bakrie family network, did not take place and was canceled in November.
On May 29, 2006, the mud volcano erupted south of Surabaya , causing an environmental disaster that has since had to displace several thousand people. Several villages were flooded by the mud. Pan Asia Enterprise Ltd. was decided so that claims for damages do not burden the parent company financially. and Kalila Energy Ltd. and its subsidiary Lapindo Brantas Inc., which owned 50 percent of the shares in Brantas PSC . In addition to Lapindo, the Australian Santos Ltd. involved with 18 percent in the project, and PT Medco Energi Internasional with the remaining 32 percent. According to an internal estimate by Lapindo in the fall of 2006, the financial damage could amount to as much as 320 million US dollars if the discharge of the toxic sludge continues. A sale to Lyte Limited, another company from the Bakrie Group, failed in October due to opposition from the Bapepam regulatory agency . The sale to the British Virgin Islands registered company Freehold Group Ltd. for one million US dollars did not materialize and was canceled at the end of November.
In May 2007, EMP sold 50 percent of the shares in the subsidiary Energi Mega Pratama Inc. to Mitsubishi Corporation and Japan Petroleum Exploration (JAPEX) for 360 million US dollars and now holds only half of the production rights in Kangean.
Others
Energi Mega Persada is listed in the Indonesian share indices LQ-45 and Kompas100 .
See also
Web links
Individual evidence
- ↑ a b EMP to spend $ 400m on Kangean field . ( Page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. In: The Jakarta Post , April 16, 2005
- ^ A b Lapindo Affiliated With the Bakri Group . ( Memento of the original dated November 30, 2006 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. In: Tempo Interaktif , June 16, 2006
- ↑ a b c d e f P.T. Energi Mega Persada Tbk and Its Subsidiaries; Consolidated Financial Statements for the Years Ended 31, 2004 and 2003 and Independent Auditors' Report ( Memento of the original dated December 18, 2006 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. (PDF) Energi Mega Persada
- ↑ Private oil firm EMP to sell 25-30% stake . ( Page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. In: The Jakarta Post , March 20, 2004
- ↑ EMP signs $ 1.9b in gas contracts . ( Page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. In: The Jakarta Post , December 17, 2005
- ↑ EMP to spend more than $ 300m to develop blocks in 2006 . ( Page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. In: The Jakarta Post , December 26, 2005
- ↑ Bumi, EMP to merge in July . ( Page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. In: The Jakarta Post , March 22, 2006
- ↑ a b Lapindo Brantas changes hands, but questions linger . ( Memento of the original from November 29, 2006 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. In: The Jakarta Post , November 16, 2006
- ^ Freehold Cancels Lapindo Purchase . ( Memento of the original from September 17, 2007 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. In: Tempo Interaktif , November 28, 2006
- ^ Freehold calls off Lapindo purchase . ( Page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. In: The Jakarta Post , November 29, 2006
