Indonesia Doesn't Expect Inpex Gas Project to Start Production Until 2024
JAKARTA, Sept 23 (Reuters) - Indonesia expects the Masela Abadi natural gas project currently being developed by Japan's Inpex and Royal Dutch Shell, to commence commercial production in 2024, an official at the oil and gas regulator (SKKMigas) said, two years behind an earlier target.
The government expects to decide on Oct. 10 whether to proceed with existing plans to make an offshore floating LNG production plant or to develop a land-based LNG plant onshore connected to the Masela gas fields via a pipeline, SKKMigas deputy chairman Zikrullah told reporters on Wednesday.
The government is targeting to have a final investment decision on the project in 2018, Zikrullah added.
In March, another government official said the country expected the project to commence production in 2022, amid delays due to lower oil prices and regulatory hurdles.
(Reporting by Wilda Asmarini; Writing by Fergus Jensen; Editing by Michael Perry)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Operates 1 Offshore Rigs
- Inpex Halts Construction At Australian LNG Site After Worker Dies (Nov 30)
- Japan's Inpex Says Ichthys LNG Project On Track For March Start (Nov 08)
- Statement: Indonesia To Extend Inpex's Masela LNG Contract By 27 Years (Oct 19)
Company: Special Task Force for Upstream Oil and Gas Business Activities more info
- Indonesian Banks Join Global Lenders to Provide Finance for Tangguh Project (Aug 05)
- Indonesia Rejects Exxon Proposal To Boost Cepu Block Output (Jun 14)
- Survey Shows Most Indonesian Upstream Firms Likely to Cut Workforce in 2016 (May 31)
Company: Royal Dutch Shell plc more info
- Shell to Deploy Pioneering Electrolysis Tech at German Refinery (Jan 18)
- Shell Ventures Back Into Solar (Jan 15)
- Shell Braces for Change by Expanding Its Foothold in Electricity (Jan 12)