{
    "success": true,
    "data": {
        "id": 1879370,
        "msgid": "ri-launches-us-15-bln-north-hub-gas-project-to-boost-energy-security-1784886609",
        "date": "2026-07-24 15:32:14",
        "title": "RI launches US$15 bln North Hub gas project to boost energy security",
        "author": "",
        "source": "ANTARA_EN",
        "tags": "",
        "topic": "Energy",
        "summary": "Indonesia has commenced the US$15 billion North Hub gas megaproject, marked by the first steel-cutting for its floating production facility in Karimun Regency. The project, operated by a joint venture between Eni and Petronas, aims to integrate offshore gas fields in the Kutai Basin and is expected to significantly bolster the nation's energy production capacity. SKK Migas anticipates the development will drive domestic fabrication, create 8,000 local jobs, and help achieve the country's 2030 production targets.",
        "content": "<p>Upstream oil and gas regulator SKK Migas stated the megaproject\nrepresents one of the largest foreign and domestic investments in\nIndonesia\u2019s energy sector.<\/p>\n<p>\u201cIt opens up opportunities for the application of new technology and\ninvestment in domestic oil and gas fabrication development,\u201d SKK Migas\nhead Djoko Siswanto said during the first steel-cutting ceremony for the\nproject\u2019s Floating Production, Storage, and Offloading (FPSO) facility\nin Karimun Regency, Riau Islands, on Thursday (July 23).<\/p>\n<p>Operated by Searah\u2014a joint venture between Italian energy giant Eni\nSpA and Malaysia\u2019s Petronas\u2014the project integrates the offshore Geng\nNorth and Gehem gas fields in the Kutai Basin off East Kalimantan.<\/p>\n<p>Total investment for the project reaches US$15 billion, consisting of\nUS$3 billion for FPSO construction and US$12 billion in additional\ncapital expenditure.<\/p>\n<p>The FPSO unit, named Bahtera Haluan Lestari, is designed to process\nup to 1 billion standard cubic feet of gas per day (BSCFD) and 80,000\nbarrels of condensate per day, featuring a storage capacity of 1.4\nmillion barrels.<\/p>\n<p>\u201cWe hope this project will not only assist but also become a driving\nforce in achieving our production targets for 2029-2030, reaching\n900,000 to 1 million barrels of oil per day and 12 billion cubic feet of\ngas per day,\u201d Djoko noted.<\/p>\n<p>Operating at sea depths of up to 2,000 meters, the 300-meter-long\nvessel marks Indonesia\u2019s first ultra-deepwater production facility.\nFirst gas output is targeted for the fourth quarter of 2028.<\/p>\n<p>Topside module fabrication is centered at the Saipem yard in Tanjung\nBalai Karimun and spread across Batam and Bintan. The construction phase\nutilizes 4,000 tons of steel and is expected to create 8,000 local\njobs.<\/p>\n<p>Related news: Indonesia\u2019s Aceh to gain larger role in offshore oil,\ngas management<\/p>\n<p>Related news: Indonesia identifies 13 new oil and gas wells in E\nKalimantan<\/p>\n<p>Related news: SKK Migas, West Natuna Exploration begin FID phase for\nMako gas field<\/p>\n<p>Translator: Fitra Ashari, Yashinta Difa<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ri-launches-us-15-bln-north-hub-gas-project-to-boost-energy-security-1784886609",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}