SKK Migas Invites Investors to Invest in East Natuna Block

Summary

The Upstream Oil and Gas Special Regulatory Task Force (SKK Migas) invites investors to invest in the East Natuna Block, known as the D-Alpha Natuna Block. Head of SKK Migas Dwi Soetjipto said that the carbon dioxide (CO2) content in the block managed by PT Pertamina reaches 72 percent. "It's huge, and Pertamina had discussions several years ago about its economic value," he said on Thursday (11/19).

For this reason, SKK invites interested investors to enter the East Natuna Block. "We can discuss with Pertamina so that the East Natuna Block will become a giant gas reserve in the future," Dwi said.

Previously, the Director-General of Oil and Gas of the Energy and Mineral Resources Ministry, Tutuka Ariadji, said that the development of the East Natuna Block was still at a standstill to date. "It’s still in the contingent resources category. So, there are no projects, no buyers,” he said in a hearing with Commission VII DPR on Monday (11/16).

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