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Jakarta Post

Could Masela block development kick off soon? 

  • Stefanno Reinard Sulaiman

    The Jakarta Post

PREMIUM
Jakarta   /   Mon, April 8, 2019   /  12:45 pm
The Jakarta Post Image
Masela oil and gas block(Courtesy of/maritim.go.id)

In a recent House of Representatives hearing, a legislator from the opposition Gerindra Party criticized the government over its snail’s-pace progress on a plan of development (PoD) for the gas-rich Masela block. Kardaya Warnika denounced the government’s lack of firmness in making a decision on whether it would approve the development plan proposed by Masela’s operator , Japan’s Inpex Corp, which holds a 65 percent stake in the block.  “The [oil and gas] law is clear. Any [contractor or operator] that fails to develop the block within five years after the approval of the first PoD will automatically face contract termination,” Kardaya said of the block, the development plan of which has been under preparations for a decade.   “It [Masela block development] has been [almost] 10 years, but the government still gives them [t...