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The Upstream Oil and Gas Regulatory Task Force (SKK Migas) has requested that the final investment decision (FID) for the Masela Block project be completed in 2026 or ahead of the initial target of 2027.
Head of SKK Migas Djoko Siswanto said the acceleration of the FID was possible in view of the progress of the construction of elements of the Masela Block project.
"This year, Onshore LNG is targeted at 40 percent, Subsea Umbilical Riser Flowline (SURF) at 80 percent, gas pipe exports 80 percent. We are accelerating the target so that next year it can be completed (the work) and then the FID," Djoko said on Wednesday, April 9, 2025.
He added that the FID has the potential to be completed in mid-2026. However, it still depends on the completion of the construction of the elements above.
Djoko cited that Inpex Masela as the operator of this project will soon sign a Head of Agreement (HoA) with the State power utility company PT PLN, State fertilizer company PT Pupuk Indonesia and State-owned gas distributor PT PGN for domestic gas sales and purchases. This signing is planned to be carried out at the 49th IPA Convex 2025 event.
Minister of Energy and Mineral Resources Bahlil Lahadalia has earlier asked INPEX to immediately start work towards production this year. He threatened to revoke the Masela Block concession if there was no progress.
Previously, SKK Migas had written to INPEX to immediately start gas production at the Abadi Masela Field. INPEX responded that it had coordinated with SKK Migas and promised to continue work as soon as possible after obtaining approval for the second revision of the development plan.
So far, Inpex said it had completed field work in the form of an onshore G&G survey at the end of last December. In addition, the offshore G&G survey is in the final stages and will be completed at the end of February 2025.
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