Inpex Plans Four-well Masela Program

The Japanese production sharing contractor Inpex plans to spend US$88 million in Indonesia's offshore Masela block, Indonesian oil and gas regulator BP Migas reported.

"We plan to drill four wells," said Hirohisa Ota, Inpex's Jakarta general manager, on the sidelines of the 31st Oil and Gas Industries Convention and Exhibition last week. "Each is expected to cost US$22 million."

BP Migas said that Inpex is also studying several options to build a terminal to process gas from the block.

Previously, BP Migas Chairman Kardaya Warnika had affirmed that gas from MaselaŚlocated in the TImor SeaŚwill not be processed in Australia. Because of this government decision, Inpex must build a gas processing terminal in Indonesia. Inpex is still conducting studies to determine where and what kind of facility to build.

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