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Top related persons:
magnifier - 1 Dado Ruvic - 1 Benny Lubiantara - 1 Andrew Harwood - 1 Wood Mackenzie - 1 SKK Migas - 1 Benny - 1 Prateek Pandey - 1
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Indonesia JAKARTA Jakarta Chevron Tokyo Masela Singapore
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REUTERS - 1 Indonesia - 1 Shell - 1 Chevron - 1 Indonesia Deepwater Development - 1 Petronas - 1 Eni - 1 Essential Services - 1

Search resuls for: "SKK Migas"


4 mentions found


☆ Indonesia's gas ambition faces investor test with Shell, Chevron exits
  + stars: | 2023-08-11 | by ( Fransiska Nangoy | Thomson Reuters | Based In Jakarta | ) www.reuters.com   time to read: +6 min
Key hurdles for the two projects include the country's caps on domestic gas prices, limits on gas exports and the high costs for carbon capture and storage - required for new gas projects to help fight global warming. Last month, Shell (SHEL.L) said it would sell its holding in the Masela project to Indonesia's Pertamina and Malaysia's Petronas, while Chevron (CVX.N) agreed to sell its stake in the IDD project to Italy's Eni (ENI.MI). Reuters GraphicsNEW TERMS NEEDEDOnce one of the world's top five liquefied natural gas (LNG) exporters, Indonesia's LNG exports have halved in the past decade, Kpler data showed. The country has not approved a major oil or gas project since 2016 - the expansion of BP's (BP.L) Tangguh LNG plant. The current formula for splitting revenue between the government and investors in gas projects sets the base rate at 48% for companies.
Persons: magnifier, Dado Ruvic, Benny Lubiantara, Andrew Harwood, Wood Mackenzie, SKK Migas, Benny, Prateek Pandey, Takayuki Ueda, Naing, Inpex's Ueda, Fransiska Nangoy, Bernadette Christina Munthe, Emily Chow, Yuka Obayashi, Florence Tan, Sonali Paul Organizations: REUTERS, Indonesia, Shell, Chevron, Indonesia Deepwater Development, Petronas, Eni, Essential Services, Reuters, Indonesia Petroleum Association, Rystad Energy, BMI Research, Fitch Group, Tcf, Thomson Locations: Indonesia, JAKARTA, Jakarta, Chevron, Tokyo, Masela, Singapore
☆ Indonesia approves $3 bln development plan for South China Sea gas block
  + stars: | 2023-01-02 | by ( ) www.reuters.com   time to read: +2 min
JAKARTA, Jan 2 (Reuters) - Indonesia has approved the first plan of development for the Tuna offshore gas field with total estimated investment of $3.07 billion up to the start of production, upstream oil and gas regulator SKK Migas said on Monday. The Tuna field, located in the South China Sea between Indonesia and Vietnam, is expected to reach peak production of 115 million standard cubic feet per day (MMSCFD) in 2027, SKK Migas spokesperson Mohammad Kemal said. SKK Migas chairman Dwi Soetjipto on Monday said that aside from economic benefits, development of the project would underline Indonesia's maritime entitlements. "The Indonesian navy will also participate in securing the upstream oil and gas project so that economically and politically, it becomes an affirmation of Indonesia's sovereignty." China claims sovereignty over almost the entire South China Sea citing its own historical maps, claims that an international arbitration tribunal in 2016 ruled have no legal basis.
☆ Indonesia, BP sign 20-yr contract extension for LNG operations in Papua
  + stars: | 2022-12-23 | by ( ) www.reuters.com   time to read: +2 min
The extension would allow BP and its partners to operate on the fields until 2055, BP said in a statement. The working areas supply to Tangguh liquefied natural gas (LNG) plant. Indonesia usually extends a PSC two to 10 years before it expires, but BP needed to secure a longer contract to guarantee its long-term investment plan, according to Dwi Soetjipto, chairman of Indonesia's upstream regulator SKK Migas. Output from LNG Tangguh plant is estimated to drop before 2030 if there is no new exploration. Energy minister Arifin Tasrif said Tangguh gas production is needed to supply Indonesia's increasing energy demand as the country will rely on gas while transitioning to cleaner energy.
☆ Indonesia to extend gas supply contract with Singapore by five years - minister
  + stars: | 2022-10-28 | by ( Bernadette Christina | ) www.reuters.com   time to read: +1 min
Indonesian Energy and Mineral Resources Minister Arifin Tasrif speaks at the Sydney Energy Forum in Sydney, Australia July 12, 2022. Brook Mitchell/Pool via REUTERS/File PhotoJAKARTA (Reuters) - Indonesia will extend its gas supply contract with Singapore by five years, Energy Minister Arifin Tasrif told reporters on Friday, but the distribution volume is expected to be lower. The current contract for piped natural gas via the Grissik-Batam-Singapore Pipeline is due to expire next year. Tasrif told Reuters last week that the new contract might be signed as early as next week. Under the new contract Indonesia will likely supply a lower volume of gas to Singapore.
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