VIVAnews - President Director of Pertamina, Ari Soemarno, said the oil state-owned company will be able to become the contractor of the Natuna D Alpha oil and gas field. The required fund for producing oil and gas in the block will be around US$15 billion.
"We are able to become oil and gas contractor in the Natuna offshore," said Soemarno in Jakarta. According to him, Pertamina is ready to manage the oil and gas block inasmuch as the company has experience in managing the oil and gas fields in the last two years.
However, Soemarno stressed that Pertamina cannot run the block alone due to the huge amount of funds required.l
According to Soemarno, Pertamina's profit of around Rp 30 trillion (US$2.7 billion) will not be sufficient to explore the block, which is able to produce gas of 1 billion mmbtu per day. In addition, the project requires cutting-edge technology because the oil and gas block is situated offshore. 95 percent of Pertamina's oil and gas fields are located on land.
In addition, the CO2 contained in earth's core must be separated to produce gas. The parting requires special technique so that carbon-dioxide can be re-injected to the earth.
Therefore, said Soemarno, the government needs to invite a partner in exploring the Natuna Block. So far, world-class oil and gas companies that have proposed for the partnership agreement include Shell, Chevron, StatOil and ENI.
Translated by: Bonardo Maulana Wahono
VIVA.co.id
27 April 2024
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