SKMigas approves 47 PoDs in 2012

Thumbs up: SKMigas approved 47 PoDs last year

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By Josh Lewis & news wires

 04 January 2013 04:04 GMT

Indonesia’s temporary oil and gas regulator SKMigas approved 47 plans of development (PoD) for projects in 2012, according to reports.

The Jakarta Post quoted SKMigas deputy for planning, Widhyawan Prawiraatmadja, as saying that the 47 PoDs would generate about $18.9 billion in state revenue.

He also said the projects were estimated to hold reserves of about 216 million barrels of oil and 4.1 trillion cubic feet of natural gas.

The newspaper cited a statement from Widhyawan as saying the total capital expenditure needed for the PoDs was estimated at $21.3 billion.

According to the Jakarta Post, the largest of the projects is BP’s plan to develop a third train at its Tangguh…

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