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Jakarta Post

SKK Migas upbeat Masela gas project will be completed on time

  • Stefanno Reinard Sulaiman

    The Jakarta Post

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Jakarta   /   Sun, July 14, 2019   /  01:45 pm
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The government hopes that the Masela oil and gas block can begin operating in 2027(Courtesy of/maritim.go.id)

The Upstream Oil and Gas Regulatory Task Force (SKK Migas) is upbeat that construction on an onshore liquefied natural gas (LNG) plant, which will receive gas supplies from the Masela Block, can be completed in the second quarter of 2027 as planned. With the government’s approval over a revision of the plan of development (PoD) of the multibillion gas-rich Masela Block in the Arafura Sea, gas block operator and Japanese oil giant Inpex Corp can soon enter the final investment decision (FID) process before beginning construction work, said SKK Migas chairman Dwi Soetjipto. The FID process, according to Dwi, is targeted to be completed within a year after the PoD revision is signed, or early second half of next year. Dwi said that Energy and Mineral Resources Minister Ignasius Jonan signed the PoD last week. “Now, he’s going to bring the news to the ...