CEO Morning Brief

Indonesia Approves Malaysia’s Genting Oil & Gas’s Revised Development Plan for Kasuri Gas Project — Ministry

Publish date: Thu, 09 Feb 2023, 08:58 AM
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TheEdge CEO Morning Brief

JAKARTA (Feb 8): Indonesia has approved a revised development plan by Malaysia’s Genting Oil & Gas for the first phase of its gas project in West Papua, following changes in production estimates, the energy ministry said in a statement on Wednesday.

Under the revised plan, the estimated gas in place for Asap, Kido and Merah structures in West Papua’s Kasuri block rose to 2,673.7 billion standard cubic feet (BSCFD) from 1,735 BSCFD previously, Energy Minister Arifin Tasrif said in the statement.

“Production from this field will be utilised by a fertiliser plant in Papua and for a liquefied natural gas plant,” Arifin said.

Genting Oil & Gas also signed an initial agreement with an Indonesian state-controlled fertiliser producer, Pupuk Kaltim, to supply 102 billion British thermal units of gas per day to its US$1.5 billion fertiliser plant, the statement said.

Source: TheEdge - 9 Feb 2023

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