Andalas, Pertamina hold first meeting over plan to commercial marginal gas fields
Saturday, September 17 2016 - 03:48 AM WIB
LSE-listed Andalas Energy and Power Plc, an Indonesian focused upstream oil and gas and power company, said Thursday it had on September 9 held the first meeting with Indonesia?s state-owned oil and gas company PT Pertamina over plans to fast-track commercialization of marginal gas field within the latter company?s acreage in Indonesia, and to develop gas to power projects.
Andalas said in a statement that the two firms have set up a joint working and steering committee to realize the plan.
The company said the Power Generation Working Committee will be chaired by Simon Gorringe, COO and Executive Director of Andalas.
It added that the Gas Supply Working Committee will be chaired by representatives from Pertamina.
Andalas first announced the plan early this month. The company said the initial focus is to identify at least five stranded gas fields within Pertamina?s acreage in Riau, Jambi and South Sumatra provinces which are suitable for sub-100 MW gas-to-power development in the form of an independent power project (IPP). The company explained that all field and IPP development plans will be based on modular/mobile power plants (MPPs), a proven technology that is cost-effective, flexible, scalable and ideal for satisfying power demand at the local level in a wide range of operating environments.
Once the initial five fields have been identified both parties will sign an exclusive joint development agreement (JDA) to design, construct, fund and operate the IPPs ? suitable partners may be invited to join Pertamina and Andalas in the JDA for each development.
Editing by Reiner Simanjuntak