PT Chevron Pacific Indonesia's commitment is not clear in the development of the Phase II IDD Block project in the Gendalo-Gehem Field. In response to this, the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) sent an official letter to Chevron Pacific.
SKK Migas questioned Chevron's commitment to continue the development of the Indonesia Deepwater Development (IDD) Block. Previously, Chevron sent a signal not to continue the development of Phase II of the IDD Block. This is the result of the development of phase II of the IDD Block which is not included in the global portfolio of the US oil and gas company.
the Indonesia Deepwater Development (IDD) Block
The Acting Head of the SKK Migas Program and Communication Division, Susana Kurniasih, claimed that up to now Chevron had never formally submitted the plan to leave the Phase II project IDD Block to SKK Migas.
SKK Migas has actually tried to urge Chevron to provide certainty related to the development of the IDD Block. Last week SKK Migas had written a letter to Chevron asking about the continuation of operations, Susana said.
Indeed SKK Migas still hopes that the IDD Block Phase II development activities will be realized soon, despite the challenges in the upstream oil and gas industry sector lately. PT Chevron Pacific Indonesia's Corporate Communication Manager Sonitha Poernomo was reluctant to comment much regarding the certainty of Chevron's planned exit from the IDD Block II development project.
Sonitha Poernomo
"We are still continuing to coordinate with the government and potential partners to develop IDD development solutions, said Sonitha.
In the IDD project, Chevron acts as the operator and holds a 63% stake or Chevron's participating interest working on the oil and gas project in the deep sea with several partners such as Eni, Tip Top, PT Pertamina Hulu Energi, and Muara Bakau partners. Phase II development of the IDD Block includes the development of the Gendalo Gehem Field with an investment of US $ 12 billion.
Kontan, Page-12, Wednesday, August 5, 2020
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