Sengkang LNG plant on hold

Two Oil and Gas Projects Delayed Due Buyers There Is No Certainty

Penundaaan jadwal pengoperasian proyek-proyek migas itu akan mengganggu arus kas perusahaan dan pemerintah.​

Operating schedule delays oil and gas projects that would interfere with the company's cash flow and government.



Special Unit of Upstream Oil and Gas (SKK Migas) predict the operation of two natural gas upstream projects, namely Project Wasambo and Matindok, will step down from the original target. The reason, is no certainty of gas buyers.
Deputy Operations Control SKK Migas Muliawan said Wasambo project (EWC) is actually targeted to be in production this November. Projects that dioperatori by Energy Equity Epic Sengkang has a production capacity of 80 million cubic feet per day (MMSCFD).
However, the project was still awaiting the readiness Wasambo build a processing facility liquefied natural gas (LNG) from the buyer. The gas will be sold to liquefied natural gas (LNG) to South Sumatra LNG.

Due to the condition that, according to Muliawan project is likely to start producing next year. "The project Wasambo that the gas would be used as LNG, but its LNG facility retreat. So adjust as well, "he said when met at the House Katadata BPPT, Jakarta, Monday (25/7).
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Very sad situation when EWC management continues to hold back important information from the market and especially their supportive share holders.