Jakarta (ANTARA) – SKK Migas together with Conrad Asia Energy held a ceremonial event marking the commencement of the Final Investment Decision (FID) implementation phase for the development of the Mako Gas Field in the Duyung Working Area offshore the Anambas Islands in Riau Islands province.The project is operated by West Natuna Exploration Limited (WNEL).”The commencement of the FID implementation phase for the Mako Gas Field marks a strategic step in maintaining national gas supply sustainability”, SKK Migas head Djoko Siswanto said in a statement received in Jakarta on Monday.A ceremony was held at the SKK Migas office in Jakarta on Monday (2/3), attended by SKK Migas head Djoko Siswanto and businessman Hashim S. Djojohadikusumo, along with representatives from the Energy and Mineral Resources Ministry’s oil and gas directorate general, state power company subsidiary PT PLN Energi Primer Indonesia (PLN EPI), and state lender Bank Negara Indonesia.WNEL has signed a gas sales agreement with PLN EPI as the offtaker, providing a commercial basis for the project and securing gas supply for domestic power generation.The Mako development involves cooperation between the government, WNEL, and PT Nations Natuna Barat, an entity under Arsari Group, which is set to become the majority participating interest holder in the Duyung block. Bank Negara Indonesia is providing financing support.​​​​​​​Djoko said that this investment decision demonstrates the strong commitment of the Government and Production Sharing Contractors (PSCs) to accelerate the development of potential gas fields.The Mako Gas Field is expected to make a significant contribution to national gas production and support domestic energy demand, he said.He emphasized that SKK Migas will continue to oversee project execution to ensure it proceeds according to plan – on schedule, within budget, while prioritizing safety and regulatory compliance.This milestone marks an important chapter in the development of the Mako Gas Field. The post-FID implementation phase reflects strong synergy between the Government and PSCs in supporting increased national gas production while strengthening Indonesia’s energy security.Chairman of Conrad Asia Energy, Peter Botten, said that the Mako Gas Project FID was achieved through collaboration among the PSCs in the Duyung Working Area, SKK Migas and relevant government agencies, PLN EPI as offtaker, as well as national partners that have strengthened the project structure.Meanwhile, CEO of Arsari Group, Hashim S. Djojohadikusumo, stated that his company’s involvement in the development of the Mako Gas Field reflects a long-term commitment to supporting national energy resilience.”With our extensive and proven experience in the oil and gas sector, supported by a solid financing structure, we are confident that this project can be executed professionally, on time, and deliver tangible contributions to state revenues and Indonesia’s energy security,” Hashim said.The Mako Project is progressing through its main development phases, from Pre-FID in 2025 to the targeted First Gas in November 2027.Activities include engineering, procurement, construction, drilling, offshore installation, commissioning, and start-up. The Mako Gas Field is expected to be onstream in the fourth quarter of 2027 and is anticipated to deliver positive impacts on the sustainability of Indonesia’s upstream oil and gas sector.