Indonesia's government is ready to offer fresh incentives in yet another attempt to attract players with deep pockets to get its East Natuna (Natuna D-Alpha) mega-giant gas project off the drawing board.
Upstream regulator SKK Migas confirmed it is open to discussing revised fiscal terms and incentives for the offshore East Natuna asset, where in-place reserves have been pegged at 222 trillion cubic feet, although further appraisal is needed.
However, the gas contains around 71% carbon dioxide and that, coupled with its remote offshore location, has led to historic suggested capital expenditure budgets as high as $40 billion.
