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Home  >>   Daily News  >>Malaysia>>Energy>>Genting to spend US$100 million on four development wells at Kasuri Block
NEWS UPDATES Asean Affairs    July 19, 2017  











Genting to spend US$100 million on four development wells at Kasuri Block


Genting Oil Kasuri, a subsidiary of Malaysian conglomerate Genting Bhd, is expected to spend around US$100 million to drill four development wells at the Kasuri Block in West Papua.

The Energy and Mineral Resources Ministry is still reviewing the first plan of development (POD I) for the Kasuri Block, which was proposed by Genting on April 21 to the Upstream Oil and Gas Business Activities task force (SKK Migas).

Genting expects to reactivate six exploration wells and drill four development wells, as well as develop production facilities and gas pipeline networks at the block.

SKK Migas has stated that Genting will need to disburse around $25 million for each development well and install a gas compressor worth $100 million within eight to 10 years after the Kasuri Block is on stream, slated for the end of 2021.

“The approval of the POD I is crucial for Genting Oil so that it can immediately undertake field development activities and the block can be on stream right on schedule,” SKK Migas head Amien Sunaryadi said Monday in a statement.

If everything goes as planned, the Asap, Kido and Merah fields of the Kasuri Block are projected to supply 170 million standard cubic feet of gas per day to a petrochemical factory in Bintuni, West Papua, for a period of 20 years.

The factory, with an investment value of $1.5 billion, will be jointly developed by state-owned fertilizer company PT Pupuk Indonesia and Germany-based industrial services company Ferrostaal.

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AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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