SKK Migas to tender out Tangguh condensate
Monday, March 18 2013 - 07:50 AM WIB
By Godang Sitompul
Upstream authority SKK Migas plans to put up to 85,000 barrels of condensate from the Tangguh field in Papua on a tender.
?We are trying to tender out condensate from Tangguh. This is going to be the first trial, to test the market for Tangguh condensate,? Agus Sapto Raharjo Moerdi Hartono, Head of Oil and Condensate Commercialization Unit of SKK Migas, told petromindo.com.
Agus Sapto said it is too early to tell how the market would react.
?We do not know yet (about the market?s reaction), that?s why we will hold the tender. We?ll see who will offer the best bids for state revenue,? he added.
Editing by Dadan Wijaksana