Chevron Indonesia
has made a commitment to increase its investment by US$12 billion in a
deep sea gas field development project in the Makassar Strait, Chief
Economic Minister Hatta Rajasa stated here on Thursday.
"They have committed to invest US$12 billion in the development of
gas fields in the Makassar Strait," he remarked after receiving Melody
Meyer, president of Chevron Asia Pacific Exploration & Production
Company.
He noted that the field was expected to produce one thousand MMSCFD per day and boost the nations economy.
"Indeed, there are still several hurdles in its development. We
plan to cut licensing procedures and lower uncertainties. It all drills
down to management and processes, which must be right and devoid of any
uncertainty," he explained.
He stated that the area is estimated to have a gas reserve of 2.3
trillion cubic feet (MMSCFD) and five gas fields such as Bangka, Gehem,
Gendao, Maha, and Gandang have already been developed.
Hatta added that he has also requested Chevron Pacific Indonesia to
maintain its oil production in the Minas and Duri fields in Riau, so
that it will not stop using the pilot project surfactant flooding
technology.
"Our oil production continues to drop and in the recent past,
targets have not been achieved. In view of that, I have requested
Chevron, the largest producer of crude oil, to boost production or at
least control the natural decline in the production rate," he claimed.
Hatta noted that 2014 poses a major challenge for the oil/gas
sector with regard to maintaining energy production while oil/gas
consumption continues to increase due to the growth in the automotive
and industrial sectors.
"The consumption of subsidized and non-subsidized gasoline will
increase by eight percent while production is expected to drop as
refinery development is slow. To prevent oil/gas account deficit we must
strive to use bio-diesel in 2014," he added.
Sumber : Antara
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