SKK Migas Banks Issues Of Inpex Back To Stock Divestment In Masela Block

Illustration (Photo: Doc. Antara)

JAKARTA - The Special Task Force for the Implementation of Upstream Oil and Gas Business Activities (SKK Migas) denied the issue that stated that the Masela operator, Inpex Masela Ltd. will again divest its shares in the Masela Block.

SKK Migas Secretariat Shinta Damayanti said that until now her party had not heard of Inpex's plan to add new partners to the gas field.

"So far we have not heard of any divestment plans," Shinta said at a press conference at the SKK Migas Building, Friday, January 12.

He said that so far the SKK Migas meeting with Inpex has one mission, namely accelerating this eternal gas field project.

"Since kick off Masela and meeting Inpex, all of her tones are how to speed up this project," said Shinta.

Just so you know, the Abadi Masela field project operated by the Inpex, Pertamina and Petronas consortium has an estimated production of 9.5 MTPA with a value of 19.8 billion US dollars.

The revision of POD I has been approved by the Minister of Energy and Mineral Resources on November 28 with an additional scope of Carbon Capture and Storage (CCS). This project is projected to be on stream in 2029.

"Inpex, whose name is Abadi, is the end of the end of the project. But Alhamdulillah, several problems that have been called Abadi in recent years have made the project stop. There is a pandemic, etc. And Alhamdulillah, at the end of last year all good sales of PI Shell and then also the entry of CCS, reiew POD have been approved," said the Head of SKK Migas, Dwi Soetjipto.