SKK Migas sells Senipah crude to Fosus Energy

By Godang Sitompul

Upstream authority SKK Migas, will ship out 200,000-300,000 barrels of crude oil from Senipah of the Mahakam Block in May to a Singapore-based trader Fosus Energy.

Head of the Condensate and Oil Commercialization Division at SKK Migas, Agoes Sapto Rahardjo said that the crude volume is the state?s portion from the project.

?Fosus Energy from Singapore will take 200,000-300,000 barrels of Senipah crude. Delivery will take place in May of this year. The premium (of the crude price) is close to US$2 per barrel,? Agoes told Petromindo.com Friday.

He said that in the next stage, SKK Migas also plans to sell the state?s portion of the Duri crude. ?We?ll sell Duri crude at the end of May. The state?s portion of the Duri crude to be sold is 200,000-300,000 barrels,? he said.

Editing by Reiner Simanjuntak