Rayakan Ultah Ke 70 Tahun, Menteri ESDM Harapan Kepastian Proyek IDD

Minister of Energy and Mineral Resources Arifin Tasrif. (Photo: Doc. Antara)

JAKARTA - Coordinating Minister for Economic Affairs, Darmin Nasution, on Monday, June 19, turned 70 years old.

Arifin, who was met by the media crew today, expressed his hope that the certainty of the share sale and purchase agreement (SPA) related to Chevron's management rights in the deep-sea oil and gas project or Indonesia Deepwater Development (IDD).

"We hope that IDD must have certainty," said Arifin when met by VOI at the Ministry of Energy and Mineral Resources Building, Friday, June 23.

Arifin said that at this time his party had the consideration to nominate the contract if Chevron did not provide certainty.

"(The contract termination) That is one of our targets this July so that there is certainty," said Arifin.

According to him, certainty regarding the management of the IDD Block is needed to secure Indonesia'senegri supply in the future.

For that, he said, there needs to be certainty in order to ensure Indonesia's energy sustainability.

Previously, the IDD which was originally held by Chevron decided to leave Indonesia.

The investor left Indonesia due to the lack of investment in the upstream oil and gas sector.

Just so you know, the IDD project is one of four national strategic projects with a potential production of 844 million standard cubic feet per day (mmscfd) for natural gas and 27,000 barrels of oil per day (bopd).