About Balikpapan (Wikipedia)

Balikpapan is a seaport city on the eastern coast of the island of Borneo, Indonesia, in the East Kalimantan province, a resource-rich region well known for its timber, mining, and petroleum export products. Two harbors, Semayang and Kariangau (a ferry harbour), and the Sepinggan International Airport are the main transportation ports to the city.
History
Prior to the oil boom of the early 1900s, Balikpapan was an isolated Bugis fishing village. Balikpapan's name (lit. balik is behind and papan is a plank) comes from a folk story where a local king threw his newborn daughter into the sea to protect her from his enemies. The baby was tied beneath some planks, which were discovered by a fisherman.[citation needed]

In 1897, a small refinery company began the first oil drilling.[1] Construction of roads, wharves, warehouses, offices, barracks, and bungalows started when a Dutch oil company arrived in the area. On January 24, 1942, Balikpapan became a war theatre between the Japanese army and the Allied Forces, resulting in heavy damage to the oil refinery and other facilities. Several campaigns followed until the 1945 Battle of Balikpapan, which concluded the Allied Forces' Borneo campaign, after which they took control of the Borneo island.

Extensive wartime damage curtailed almost all oil production in the area until major repairs were performed by the Royal Dutch Shell company. Shell continued operating in the area until Indonesian state-owned Pertamina took it over in 1965.[1] Lacking technology, skilled manpower, and capital to explore the petroleum region, Pertamina sublet petroleum concession contracts to multinational companies in the 1970s.

With the only oil refinery site in the region, Balikpapan emerged as a revitalized center of petroleum production. Pertamina opened its regional headquarters in the city, followed by branch offices established by international oil companies. Hundreds of labourers from other parts of Indonesia, along with skilled expatriates who served as managers and engineers, flocked into the city.


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Balikpapan Company

TOTAL S.A
The company was founded after World War I after the French Prime Minister Raymond Poincaré rejected the idea of forming a partnership with Royal Dutch Shell in favour of creating an entirely French oil company. At Poincaré's behest, Col. Ernest Mercier, a graduate of the École Polytechnique expert in the electric industry, enlisted the support of ninety banks and companies to found Total on 28 March 1924, as the Compagnie française des pétroles (CFP), literally the "French Company of Petroleums". Petroleum was seen as vital in the case of a new war with Germany. However, the company was from the start a private sector company (it was listed on the Paris Stock Exchange for the first time in 1929). CFP took up the 23.75% share of Deutsche Bank in the Turkish Petroleum Company (renamed the Iraq Petroleum Company), awarded to France as compensation for war damages caused by Germany during World War I by the San Remo conference.
In 1985 the company was renamed Total CFP. In 1991 the company name became simply Total. After Total's takeover of Petrofina in 1999, it became known as Total Fina. Afterwards it also acquired Elf Aquitaine. First named TotalFinaElf after the merger in 2000, it was later renamed back to Total in May 2003.
 Website: total.com

Chevron Corporation

Chevron traditionally traces its roots to an oil discovery in Pico Canyon (now the Pico Canyon Oilfield) north of Los Angeles. The discovery led to the formation, in 1879, of the Pacific Coast Oil Company, the oldest predecessor of Chevron Corporation. Another side of the genealogical chart points to the founding of The Texas Fuel Company in 1901, a modest enterprise that started out in three rooms of a corrugated iron building in Beaumont, Texas. This company was known as the Texas Company and later Texaco.
Chevron Corporation was originally known as Standard Oil of California, or SoCal, and was formed amid the antitrust breakup of John D. Rockefeller's Standard Oil company in 1911. It was one of the "Seven Sisters" that dominated the world oil industry in the early 20th century. In 1933, Saudi Arabia granted SoCal a concession to find oil, and oil was found in 1938. In the early 1950s, SoCal discovered the world's largest oil field (Ghawar) in Saudi Arabia. SoCal's subsidiary, California-Arabian Standard Oil Company, developed over years, to become the Arabian American Oil Company (ARAMCO) in 1944. In 1973, the Saudi government began buying into ARAMCO. By 1980, the company was entirely owned by the Saudis, and in 1988, the name was changed to Saudi Arabian Oil Company (Saudi Aramco).
Standard Oil of California and Gulf Oil merged in 1984, the largest merger in history at that time. Under the antitrust regulation, SoCal divested many of Gulf's operating subsidiaries, and sold some Gulf stations and a refinery in the eastern United States. SoCal changed the name to Chevron Corporation.
In June 1992, Dynegy, Inc. (NYSE: DYN) was created from the merger of Chevron's former natural gas and natural gas liquids business with Dynegy's predecessor, NGC Corp. (formerly NYSE: NGL). NGC had been an integrated natural gas services company since around 1994.
In a merger completed February 1, 2000, Illinova Corp. (formerly NYSE: ILN) became a wholly owned subsidiary of Dynegy Inc., in which Chevron also took a 28% stake. However, Chevron in 2007 sold its 19 percent (at the time) common stock investment in the company for approximately $940 million, resulting in a gain of $680 million.
In 2001, Chevron Corporation acquired Texaco to form ChevronTexaco.
On May 9, 2005, ChevronTexaco announced it would drop the Texaco moniker and return to the Chevron name. Texaco remains as a brand under the Chevron Corporation. On August 19, 2005, Chevron acquired the Unocal Corporation. Because of Unocal's large South East Asian geothermal operations, Chevron became the world's largest producer of geothermal energy. On mid-2007,Chevron Corporation sold all Conoco stations in Mississippi to the Texaco brand a process to be complete at the end of 2007.

Halliburton

Energy Services, the company's historical cornerstone, formation evaluation, digital and consulting solutions, production volume optimization, and fluid systems. This business continues to be profitable, and the company is one of the world's largest players in this industry; Schlumberger is a close competitor, followed by Weatherford International, Technip and Baker Hughes.[12] Haliburton's hydraulic fracturing method of drilling for natural gas can be attibuted to the increase in supply of natural gas supply in the U.S. thus mitigating its dependence on the supply of foreign supply of carbon based energy sources. "....the application of horizontal drilling and hydraulic fracturing technology to the shales has caused resource estimates to grow over a five-year period from a relatively minor 35 Tcf (NPC, 2003), to a current estimate of 615 Tcf (PGC, 2008), with a range of 420–870 Tcf."
With the acquisition of Dresser Industries in 1998, the Kellogg-Brown & Root division (in 2002 renamed to KBR) was formed by merging Halliburton's Brown & Root (acquired 1962) subsidiary and the M.W. Kellogg division of Dresser (which Dresser had merged with in 1988). KBR is a major international construction company, which is a highly volatile undertaking subject to wild fluctuations in revenue and profit. Asbestos-related litigation from the Kellogg acquisition caused the company to book more than US$4.0 billion in losses from 2002 through 2004.
As a result of the asbestos-related costs and staggering losses on the Barracuda Caratinga FPSO construction project based in Rio de Janeiro, Brazil, Halliburton lost approximately $900 million U.S. a year from 2002 through 2004. A final non-appealable settlement in the asbestos case was reached in January 2005 which allowed Halliburton subsidiary KBR to exit Chapter 11 bankruptcy and returned the company to quarterly profitability. So, while Halliburton's revenues have increased because of its contracts in the Middle East, its bottom line continues to suffer.
At a meeting for investors and analysts in August 2004, a plan was outlined to divest the KBR division through a possible sale, spin-off or initial public offering. Analysts at Deutsche Bank valued KBR at up to $2.15 billion, while others believed it could be worth closer to $3 billion by 2005. KBR became a separately listed company on 5 April 2007.






PT Thiess Contractors Indonesia (Thiess Indonesia) is a subsidiary of Thiess Pty Ltd, which is a wholly owned subsidiary of Leighton Holdings.
Thiess Indonesia is one of Indonesia’s largest private contractors working in the resource, process engineering, infrastructure, and power sectors. Services delivered to these industries include contract mining and mine development, multidiscipline engineering, procurement and construction services for facilities and plant construction, mineral processing, along with civil infrastructure works for green or brown field project development.

Major projects

Mining
  • Melak Coal Mine (PT Bayan Resources Tbk) – East Kalimantan
  • Berau Coal Terminal (PT. Berau Coal) - East Kalimantan
  • Satui Coal Mine, Senakin Coal Mine (PT. Arutmin Indonesia) - South Kalimantan
  • KPC Coal Mine (PT. Kaltim Prima Coal) - Sangatta, East Kalimantan
  • Kideco Coal Mine (PT. Kideco Jaya Agung) – Tanah Grogot, East Kalimantan
Mechanical and Electrical
  • Gas Transmission and Distribution Project: Sakernan to Kuala Tungkai (PT. Perusahaan Gas Negara) - Jambi, Sumatera
  • LPG Process Plant (PT. Moeladi for Pertamina) – Pangkalan Brandan, North Sumatera
  • Suban Phase-2 Gas Treatment Plant (PT. Conoco Phillips) - Jambi, Sumatera
  • Darajat Unit III Geothermal Power Station (PT. Chevron Texaco Energy Indonesia) – Garut, West Java
  • Bontang Coal Handling plant (PT. Indominco Mandiri) – Bontang, East Kalimantan
  • Jig and Dense Media Washplants & Port Facilities (PT. Arutmin Indonesia)
  • INCO Expansion Project (PT. International Nickel Indonesia) - Sorowako, South Sulawesi

 





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