Inpex Masela acts as the operator on behalf of its joint venture partners: Pertamina Hulu Energi Masela and Petronas Masela.
"The FEED work includes reviewing and establishing specifications for facilities that produce and process hydrocarbons from the Abadi gas field, as well as the onshore LNG plant (OLNG)," according to an official statement from Inpex, confirmed by ANTARA in Jakarta on Monday.
The Abadi project's annual production volume is estimated to reach 10.5 million tons of LNG equivalent, including 9.5 million tons of LNG per year, which accounts for over 10 percent of Japan's annual LNG imports, as well as local pipeline gas supplies.
The project is also predicted to produce around 35 thousand barrels of condensate per day.
The FEED work is organized into four main packages: OLNG; floating production storage and offloading (FPSO); Subsea umbilicals, risers, and flowlines (SURF); and gas export pipeline (GEP).
Inpex is upbeat that the project would significantly contribute, particularly to economic development in eastern Indonesia, and support Indonesia's national target to achieve net-zero CO2 emissions by 2060.
The project's production sharing contract (PSC) is set to expire on November 15, 2055, with a contract area covering 2,503 square kilometers and a sea depth of 400-800 meters.
The block is located approximately 170-180 km southwest of the Tanimbar Island District.
The Abadi Project was designated by the government as a national strategic project (PSN) in June 2017 and as a priority infrastructure project in September 2017.
Inpex is optimistic that the project will contribute to strengthening energy security in Indonesia, Japan, and other Asian countries, as well as providing a stable, long-term supply of clean energy.
This is supported by the gas field's superior characteristics and abundant reserves, which enable efficient development, alongside the project's carbon capture and storage (CCS) component.
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Translator: Putu Indah Savitri, Cindy Frishanti Octavia
Editor: Azis Kurmala
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