PHE submits PoD for Nunukan block
Wednesday, January 20 2016 - 02:06 AM WIB
PT Pertamina Hulu Energi Nunukan, a subsidiary of PT Pertamina Hulu Energi (PHE), the operator of Nunukan block in North Kalimantan has submitted the Plan of Development (PoD) for the block to upstream authority SKK Migas.
SKK Migas has sent the PoD to the Directorate General of Oil and Gas, recommending its approval.
?The recommendation letter has been sent to the Ministry of Energy and Mineral Resources and is now being reviewed. We are waiting for the arrangement of schedule for the deliberation on the PoD,? PHE Nunukan General Manager Alfian Husein told Petromindo.com on Tuesday, adding that the firm expects the PoD to be approved in the first quarter of this year.
PHE is the operator of the block after acquiring a 35 percent interest from US oil and gas firm Anadarko in February of 2013. Another partner of the block, PT Medco Energi Internasional, sold its 40 percent interest in the block in July this year on the grounds the reserve was too small. Now PHE has 66.67 percent of the block, with the balance held by Indian firms Videocon Industries (20.83 percent) and Bharat PetroResources Ltd. (12.50 percent).
Editing by Johannes Simbolon