Repsol Denies Departure from Sakakemang Project

Repsol recently concluded its tender process for the front-end engineering design (FEED) of the Kaliberau field project, appointing PT Synergy Engineering as the winning bidder on May 24, 2024.

Stepanus I Nyoman A. Wahyudi

2 Jun 2024 - 16.37
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Repsol Denies Departure from Sakakemang Project

Illustration of upstream oil and gas. Istimewa-SKK Migas

Bisnis, JAKARTA — Spain-based oil and gas company Repsol has reiterated its commitment to invest in the Sakakemang block located in Musi Banyuasin regency, South Sumatra, following rumors of the company’s planned withdrawal from the block.

Repsol recently concluded its tender process for the front-end engineering design (FEED) of the Kaliberau field project, appointing PT Synergy Engineering as the winning bidder on May 24, 2024.

In April 2024, Repsol finalized the basic engineering design for gas processing and CO2 separation at the Kaliberau field, a component of the Sakakemang block.

According to the Upstream Oil and Gas Special Regulatory Task Force (SKK Migas), Repsol's investment outlay for Kaliberau field’s development totaled $631.7 million, equivalent to approximately IDR10.26 trillion (exchange rate of IDR16,255 per US dollar).

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