PT Pertamina (Persero) acknowledges want to have a 20 percent stake in the Masela Block Abadi. Pertamina seriousness is seen to raise funds...
PT Pertamina (Persero) acknowledges want to have a 20 percent stake in the Masela Block Abadi. Pertamina seriousness is seen to raise funds in large amounts to 20 percent of the shares. Pertamina president director Dwi Soetjipto has expressed his interest in the block which is located off the coast of the Arafura Sea, the Moluccas. At present, state-owned companies are being discussed with the government represented by the Ministry of Energy and Mineral Resources (ESDM).
"We expressed our interest, is now being discussed in the government and so forth, and we have also begun to be given access to study data," said Dwi at Pertamina Headquarters, Jakarta, Monday, April 4,
Dwi also said Pertamina has also met with Inpex which acts as the operator of the existing now. However, Pertamina and Inpex is still talking about the amount and the related ability of the total investment that must be removed to use the mechanism of land or building refineries onshore namely USD14,8 billion.
"The calculation us later if we've got data on how the value of its assets, then we will adjust, of course we want significant ones, "he said.
Dwi also promised to try to find the funds for the acquisition of 20 percent of the shares. As known Pertamina capital expenditure this year only USD5,31 billion.
"Look for it later," he added.
Sekada information, position Masela very strategic which is located in the Arafura Sea between 800 kilometers (km) east of Kupang, East Nusa Tenggara (NTT), 400 km north of the city of Darwin, Australia, and 155 km directions southwest Saumlaki, west Southeast Maluku, at a depth of 457-4230 meters. This has the potential Masela gas content reached 10.73 Trillion Cubic Feet (TCF).
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