PHE waiting for minister?s approval for Nunukan PoD
Tuesday, March 15 2016 - 03:45 PM WIB
PT Pertamina Hulu Energi (PHE) is waiting for an approval from the minister of energy and mineral resources (MEMR) for the plan of development (PoD) of Nunukan block in North Kalimantan.
The directorate general of oil and gas issued recommendation three weeks ago for the minister to approve the PoD, General Manager of PT PHE Nunukan Alfian Husein told Petromindo. Com
M. Abduh, Head of Assessment and Development Subdiretorate at the Directorate General of Oil and Gas, confirmed that the PoD is awaiting an approval from the minister.
Under the PoD, the block will produce 60,000 mmscfd and 1800 bpd starting in 2019.
The block is operated by PT Pertamina Hulu Energi with a 66.67 percent interest. It partners with Indian firms Videocon Industries (20.83 percent) and Bharat PetroResources Ltd. (12.50 percent).
Editing by Johannes Simbolon