Indonesia company completes the crude oil sales task of two oil and gas fields

Recently, SIPC Indonesia completed the sales of mixed crude oil of westseno and Bangka in oil and gas fields four months in advance. Indonesia Dongjia project is the first deepwater natural gas project in Indonesia. The products sold by westseno and Bangka in oil and gas fields include mixed crude oil, natural gas, LNG and LPG (liquefied petroleum gas). This year, SIPC headquarters vigorously promoted the vertical management of the supply chain of overseas projects. Indonesia company became a test field of vertical management. The Ministry of purchase and trade designated a special person to coordinate and help solve the problem. Although the amount of mixed crude oil of Indonesia company was small, it was highly valued under the vertical management mode. In June, personnel from the procurement and trade department and the project management department and personnel from Indonesia National Petroleum Corporation held the 7th and 8th rounds of negotiations in Jakarta and Beijing respectively, finally locked in the key sales price, signed the first half and second half year mixed crude oil and annual condensate sales contracts in turn, so that our mixed crude oil can enter the oil catalog of the Indonesian government.

In August, Indonesian company seized the opportunity, analyzed and determined that the crude oil sales price of the current month was at a better level, immediately reported to the purchase and trade department through the vertical management communication mechanism and quickly obtained professional guidance from the headquarters, negotiated with National Petroleum Company of Indonesia to optimize our annual oil supply and sales arrangement, determined our work plan for the annual equity mixed crude oil in August, and organized employees to come to the site The field successfully completed the supervision of oil extraction and signing of sales documents, completed the annual task of oil extraction and sales of equity mixed crude oil four months in advance, received the sales payment from the buyer on schedule and timely returned it to the headquarters. The vertical management mode of procurement and Trade Department of headquarters has achieved gratifying results in the characteristic practice of Indonesian non operator project test field.