google.com, pub-9591068673925608, DIRECT, f08c47fec0942fa0 Eni Strong Candidates to Manage IDD Block - MEDIA MONITORING OIL AND GAS -->

MARKET

Saturday, November 7, 2020

Eni Strong Candidates to Manage IDD Block



The Special Task Force for Upstream Oil and Gas (SKK Migas) said that the transition to management of the deep-sea gas project or Indonesia Deep Water Development (IDD) is entering its final stage. 

    SKK Migas confirmed that the transfer of IDD Block management from Chevron Pacific Indonesia to Eni, who is also one of the IDD Block owners, will take place on a business-to-business (B to B) basis and can be completed by the end of this year. 

    Head of SKK Migas, Dwi Soetjipto, confirmed that currently, the discussion of switching the IDD Block operator has entered the final stage.

Dwi Soetjipto

"Eni is a candidate to replace Chevron. Being finalized, God willing, at the end of this year we are targeting a clean "Dwi said at the Ministry of Energy and Mineral Resources.

The finalization is internal between Chevron and Eni. After it was confirmed that it would not continue the management of the Rokan Block, Chevron Pacific Indonesia also decided not to continue the phase II development of the IDD Block.

One of the reasons for Chevron's reluctance to continue with the gas project was that the second phase development of the IDD Block was not included in the global portfolio of the US oil and gas company. 

the IDD Block

    Currently, the IDD project consortium consists of 62% ownership of Chevron, the remaining 20% ​​is held by Eni and 18% by Sinopec. Eni is considered to be a strong candidate to continue the development of phase II of IDD because investment costs can potentially be reduced. This is because this Italian oil and gas company already has facilities that can be integrated.

Sonitha Poernomo

Previously, PT Chevron Pacific Indonesia's Corporate Communication Manager, Sonitha Poernomo, said that the transition discussion process was still ongoing.

Blogger Agus Purnomo in SKK Migas

"We are still working with SKK Migas and potential partners to help realize the potential of this project. However, according to policy, we cannot provide detailed information about commercial negotiations," She said.

Kontan, Page-10, Saturday, Nov 7, 2020

1 comment:

  1. Finishing your house isn't just about sprucing up the insides, yet additionally about outfitting and embellishing the outside environmental factors. A clearing expert can help satisfy a scope of obligations relying upon whether it is a private and business setting. For private settings, a clearing expert can be recruited to clear private carports, walkways, yards, steps and solid floors. In business settings, a similar contractual worker can be recruited to develop parking areas, lay walkways and for bigger tasks, for example, clearing air terminal runways.

    ReplyDelete

POP UNDER

Iklan Tengah Artikel 1

NATIVE ASYNC

Iklan Bawah Artikel