Negotiation with Laju Segara-M3nergy continues
Thursday, April 19 2012 - 08:10 AM WIB
The negotiation with a consortium of PT Laju Segara and M3nergy Bhd of Malaysia on the price of the floating storage and offloading (FSO) Belanak is still on going.
"The negotiation is progressing. The price they offer is still too high. Normally, it is just 10 percent of owner estimate, while they ask for 36 percent of the owner estimate," Upstream Authority BPMIGAS Vice Chairman Hardiono told petromindo.com.
Hardiono on earlier statement said that the consortium had been selected as preferred bidder for the Belanak FSO.
The FSO will be deployed to support the Belanak field gas production, within the Natuna Sea, Block B.
The tender is being undertaken by the Indonesian unit of US oil, gas firm ConocoPhillips, the operator of the Natuna Sea, Block B.
ConocoPhillips said earlier that the FSO would be leased for the period of 16 years including 2 years conversion, 8 years fixed Time Charter, and 6x1 years optional yearly extension.
Editing by Benget Besalicto Tnb.