JAKARTA - The Special Working Unit for Upstream Oil and Gas Business Activities (SKK Migas) has ensured that the investment decision or final investment decision (FID) of a project managed by the Italian oil and gas company, ENI, will be decided next week.
"Next week. It's all over. It's just a matter of when the Minister (Bahlil Lahadalia) comes to Jakarta, signs, and the FID is completed immediately," said Head of SKK Migas Djoko Siswanto to the media, Tuesday, February 24.
Djoko said that all the technical and administrative preparation processes for this project have been completed so that they are ready to be signed by the Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia.
Furthermore, Djoko explained, this final decision will not only apply to one field, but two, namely Geng North and Gendalo-Gandang.
The investment value for this project is 15 million US dollars.
"Around 15 billion US dollars," he said.
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