PGN and Premier Oil Tuna Explore Commercialisation of Gas from WK Tuna

Illustration (Photo: Doc Antara)

JAKARTA - PT PGN Tbk together with Premier Oil Tuna BV, plan to explore joint cooperation opportunities in connection with the potential for natural gas commercialization from the Tuna Working Area (WK Tuna), Natuna Islands.

A memorandum of understanding is also related to the development of natural gas infrastructure to support the use of Cash WK gas.

The collaboration was inaugurated with the signing of the Momerandum of Understanding (MOU) between PGN and Premier Oil Tuna represented by Rosa Permata Sari as Director of PGN's Strategy and Business Development and Steve Cox as President Director of Premier Oil Tuna on Tuesday, July 23.

So far, we provide gas services to customers using the supply of many WKs. However, as we know, our supply sources are currently experiencing a decline. Even though in some areas it is in a surplus, not all of them are connected by infrastructure. With the opportunity to cooperate with WK Tuna, we are sure we can strengthen our supply," said PGN's Director of Strategy and Business Development Rosa Permata Sari.

Rosa added that PGN wants the use of gas from WK Tuna to be used to meet the mix of gas supply in line with the dynamic gas volume due to natural decline conditions from several manufacturers.

"PGN requires reliable gas supply from upstream suppliers to be channeled through transmission and distribution pipeline networks to all customers," said Rosa.

Currently, PGN operates more than 12,000 KM of natural gas pipelines to serve more than 5,000 commercial & industrial customers and household gas customers who almost reach 1 million customers.

So to continue to grow in the future, reliable supplies are needed.

In addition, opportunities for gas utilization from WK Tuna are not only to open markets in Indonesia.

However, he said, it is possible for PGN to open markets in Asia or Southeast Asia.

On the same occasion, President Director of Tuna Premier Oil Steve Cox stated that his party saw an opportunity with PGN to advance the WK Tuna project to be able to supply gas to Indonesia. Premier Oil Tuna is part of the Harbor Energy Group as the operator of the KKS which includes the Tuna Block Working Area (KKS Tuna). Therefore, the WK Tuna project will also be able to expand the Harbour Energy operation in Indonesia.

WK Tuna is important for Harbour, because this is a key project that we want to continue. Even though we experienced a number of difficulties, we moved on from it. We welcome the cooperation with PGN very well," said Steve.