Medco Asset Development Director Eka Satria said on Sunday the company was in the middle of evaluating technical proposals from four consortiums.
"We have targeted to sign a contract in the first quarter of this year," he said.
The four consortiums are PT Inti Karya Persada Teknik-Petrovac, PT Adhi Karya Tbk-Hyundai, PT Rekayasa Industri-Daewoo, and PT Tripatra Engineering-Samsung.
Medco expected the Senoro gas field would start producing in the third quarter of 2014, he said.
The Blok Senoro is 30 percent owned by Medco, 50 percent by PT Pertamina Hulu Energi and 20 percent by Mitsubishi Corporation.
The gas produced by the Blok Senoro and Matindok Area will be processed at liquefied natural gas refinery owned by PT DSLNG.
The refinery will receive 330 million metric standard cubic feet per day (mmscfd) consisting of 250 mmscfd from Senoro and 80 mmscfd from Matindok.
The first shipment of LNG is expected to take place in the fourth quarter of 2014.
Eka said the construction of the LNG refinery expected to have a capacity of 2.1 million tons a year had been 33 percent completed, 7 percent faster than earlier projected. (*)
Editor: Kunto Wibisono
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