The Jakarta Post
The development of the Jambaran Tiung Biru gas project in the Cepu Block, East Java, was 47.3 percent complete as of November, the project’s operator, Pertamina EP Cepu (PEPC), said.
Pertamina's subsidiary has acquired the needed land and built access roads. All that remains is to finish drilling six gas wells and constructing a gas processing facility, which was 43.5 percent complete as of last month.
“We expect commercial operations to begin in July 2021,” said PEPC president director Jamsaton Nababan while in East Java on Tuesday.
He said the company invested $331 million to develop the field this year and had plans to invest $591 million next year, mostly for drilling and construction.
PEPC currently expects the $1.6 billion project, financed by four domestic banks and eight international lenders, to produce 192 million standard cubic feet per day (mmscfd) of gas, up 11.6 percent from earlier estimates. Most of the gas (100 mmscfd) is slated for electricity generation, while the remainder would be for manufacturing industries in Central and East Java.
The Jambaran project was added into the national strategic projects list in 2016, as stipulated under Presidential Decree No. 3/2016, which authorizes public officials to revise rules deemed to hamper project development.