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Inpex to kick off Masela block pre-FEED next week
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An unidentified offshore platform in the Masela block of the Arafura Sea is seen in this undated photograph. (Courtesy of/maritim.go.id)
J
apanese oil and gas exploration firm Inpex Corporation will soon initiate the preliminary front-end engineering design (pre-FEED) for the Masela block in the Arafura Sea, a critical step in creating detailed plans for developing the gas-rich block.
Inpex senior specialist media relations Moch. Nunung Kurniawan announced on Thursday the plan to kick off the pre-FEED next week.
His announcement follows an earlier statement made by Amien Sunaryadi, the head of the Upstream Oil and Gas Regulatory Special Task Force (SKK Migas), claiming that the pre-FEED had started in early January.
Through the pre-FEED, Inpex intends to sketch out the rough design for the liquefied natural gas (LNG) facilities in Masela and calculate estimated costs, provided a detailed development schedule and recommend a possible location for the LNG refinery.
“The start of the pre-FEED will be an important milestone in the development of the Abadi LNG Project in Masela," said Kurniawan. "Inpex will formulate the plan of development [POD] for the block based on the pre-FEED and ongoing discussions with the Indonesian government, so that this project will be economically feasible.”
Inpex, which holds a 65 percent stake in the Masela block, will conduct the pre-FEED based on a plan to produce 9.5 million tons per annum (mtpa) of LNG and 150 million standard cubic feet per day (mmscfd) of natural gas from the block.
SKK Migas expects Inpex to complete the Masela POD before the yearend, and commence production by 2027. (bbn)
