Investment

Government to call Inpex over gas-rich Masela Block

The government is set contact Japan-based oil and gas giant Inpex as the deadline for the preliminary front-end engineering design (pre-FEED) of Masela Block in Maluku ended in September.

Deputy Energy and Mineral Resources Minister Arcandra Tahar said on Tuesday that ministry had yet to receive an update. “The pre-FEED was supposedly done in September, but there has been no data. […] Yes we will called up [Inpex],” he said.

Masela is expected to produce 150 million standard cubic feet per day (mmscfd) of natural gas and 9.5 million tons per annum (mtpa) of liquefied natural gas (LNG) once it is on stream in 2027.

Speeding up the progress of Masela Block is crucial for Indonesia because of its large gas resources and as the country is projected to face a gas supply deficit starting in 2025, according to two projected scenarios.

Previously, Abadi field of Masela Block had been included as one of the 37 National Strategic Projects (PSN), as stipulated in Presidential Regulation No. 57/2017.

There are five energy projects in the PSN. The others include Jangkrik field in Muara Bakau Block, the Jambaran-Tiung Baru gas facility in Cepu block and Tangguh Project Train 3. (bbn)

The Jakarta post

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