Bakrie to carry on with pipeline project

Bakrie and Brothers (BNBR) is set to continue the construction of the 200-kilometer gas pipeline connecting the Kepodang field to state-owned PT PLN’s Tambaklorok steam gas power plant.

The publicly listed diversified investment firm, which owns all of Bakrie’s business enterprises, signed the gas transportation agreement (GTA) for the project with Malaysia’s Petronas Carigali Muriah Ltd. — the oil and gas field’s operator — and PLN in Jakarta on Monday. BNBR president director Bobby Gafur Umar said the company would start the tender process for the project’s engineering, procurement and construction (EPC) in the first quarter of 2013.

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Posted December 12, 2012 by repit in News

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