Regarding Possible Pertamina And Petronas Managing Block Masela, Pertamina: Enter Alone First

Illustration. (Photo: Doc. Antara)

JAKARTA - President Director of PT Pertamina (Persero) gave an answer regarding the possibility that Pertamina and an oil and gas company from Malaysia, Petronas will join the consortium to manage the Masela Block. Nicke emphasized that currently only Pertamina will enter and become a candidate for Masela manager.

"There is no such plan yet. So we go first ourselves. We'll see later," he said in Jakarta, quoted on Saturday, January 28.

Previously, it was known that Petronas was interested in managing the Masela Block in the Tanimbar Islands Islands, Maluku Province, Indonesia.

Regarding the negotiation process, Nicke said that currently her party is still in the negotiation stage to take over Shell's duties, open the voice,

President Director of PT Pertamina (Persero), Nicke Widyawati ensured that Pertamina is the only candidate who will narrow 35 percent of Shell's replacement participation rights at the Blok Masela consortium with Inpex Corporation.

He added that his party is currently conducting due diligence.

"So this is all still a process, we have conveyed the offering as well and we are currently studying some data sent," continued Nicke.

Just so you know, at the initial POD, Masela's investment value was estimated at 19.8 billion US dollars with an LNG facility capacity of 9.5 Metric Tons Per Annum (MTPA) or the equivalent of 1,600 million cubic feet per day (MMscfd) and piped gas reaching 150 MMscfd.

In addition, the Masela Block is projected to generate a condensate of 35,000 barrels per day.