Pertamina EP Seeks Gas Buyers in Banggai

Summary

PT Pertamina EP is looking for potential buyers of gas from oil and gas wells in Banggai Regency, Central Sulawesi. After reaching an agreement to buy and sell gas, Pertamina's subsidiary will make a plan of development (PoD). Besides, the preparation of PoD awaits the completion of exploration activities first. "Ideally, there are those who want to make an MoU [memorandum of understanding], then we will immediately follow-up it with PoD," Pertamina EP President Director John H. Simamora told Katadata.co.id.

Moreover, John said that the preparation of PoD for oil and gas wells in Banggai should not be too complicated. The reason is that there are examples of the economic value of a field that can be implemented by Pertamina EP. "Just insert the latest parameters if some parties want to buy them. As for its execution, it depends on economic parameters and prospective buyers," he said. For information, Pertamina EP found reserves of 333.6 billion cubic feet of gas (BCFG) from the drilling of the Wolai-002 well in Banggai.

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