Pertamina's Ambitious Plans for Developing Masela Block

The development of the Masela Work Area poses numerous challenges for contractors, making it a more complex endeavor than initially anticipated. The government should provide special attention and support given the significant gas reserves in offshore oil and gas blocks

Stepanus I Nyoman A. Wahyudi & Lili Sunardi

23 Jun 2023 - 16.33
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Pertamina's Ambitious Plans for Developing Masela Block

Offshore platforms-Illustration

Bisnis, JAKARTA—The development of the Masela Work Area poses numerous challenges for contractors, making it a more complex endeavor than initially anticipated. The government should provide special attention and support given the significant gas reserves in offshore oil and gas blocks.

The immediate development of the Masela Work Area (WK) is expected to face significant challenges, even after the transfer of participating rights from Shell Upstream Overseas Services Ltd. to PT Pertamina (Persero) is completed by the end of this month.

The Association of Oil and Gas Companies (Aspermigas) acknowledges the high complexity involved in managing the Masela Block, both in terms of development and operations. In order to make the block economically viable and attractive to investors, various incentives are necessary.

Chairman of Aspermigas Investment Committee Moshe Rizal points out that Inpex Masela Ltd., with its 65% participation rights and role as the WK operator, will encounter numerous challenges due to the complexity of the block's development.

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© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.