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Jakarta Post

Consortium expects govt approval on East Natuna

  • Amahl S. Azwar

    The Jakarta Post

Jakarta   /   Mon, November 26 2012   /  11:45 am

A business consortium seeking to develop the East Natuna gas field in the South China Sea expects the Indonesian government to conclude an assessment on its business proposal before the end of the year.

Pertamina president director Karen Agustiawan told reporters last week that the company, along with other consortium members: US-based ExxonMobil, France’s Total SA and Thailand’s PTT Exploration and Production (PTT EP), had set a target of Dec. 10 for the conclusion of the so-called principles of agreement (PoA) with the government.

“We hope all of the discussions relating to plans to develop the East Natuna block are finalized before Dec. 10,” she said in Jakarta.

The agreement on the PoA related to the development of the East Natuna field, formerly known as the Natuna D-Alpha block, is an essential point before the production sharing contract (PSC) for the ...