Genting hopeful to get PoD approved by year-end

By Alexander Ginting

Malaysia conglomerate Genting Berhad is hopeful to get its PoD on Kasuri block, West Papua to be approved by year-end.

?Genting Oil Kasuri Pte Ltd has submitted the Plan of Development (POD) for the Kasuri block in Indonesia. The approval of the POD by the Indonesian government is targeted before the end of 2017,? the company said in its Quarterly Report released on Monday.

Earlier, Director General of Oil and Gas at the Ministry of Energy and Mineral Resources I Gusti Nyoman Wiratmaja Puja told Petromindo.Com that PoD on Asap-Merah-Kido has been approved by upstream authority SKK Migas and is now waiting for final approval from Minister of Energy and Mineral Resources. Under the Indonesian regulation, first PoD must be approved by Minister of Energy end Mineral Resources.

A Petromindo source said that the PoD called for production of 150-200MMCFD of gas, which will be dedicated to feed planned petrochemical or fertilizer plant.

German firm Ferrostaal AG is reportedly interested to build a petrochemical plant utilizing gas from Asap-Merah-Kido gas field.