- Published 2026.11.04 23:20
Indonesia's SKK Migas holds high-level talks with Samsung, INPEX in Abu Dhabi
Investment coordination follows FEED for $22bn Abadi LNG
Samsung met with a senior Indonesian government official in the United Arab Emirates to discuss a massive gas field development project. With front-end engineering design (FEED) recently completed for the $22 billion (about 30.7 trillion won) Abadi liquefied natural gas (LNG) project in Indonesia, in which Samsung is participating, the final investment decision (FID) process for winning the main contract is expected to accelerate.
According to Indonesia's Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) on Nov. 4, Chairman Djoko Siswanto held high-level talks with business partners including Samsung and Japan's INPEX the previous day at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2026) in Abu Dhabi, UAE. The meeting was held to secure Indonesia's national energy security and build strategic partnerships with global companies.
The meeting is directly linked to the Abadi LNG project in the Masela Block, Indonesia's largest gas field development project. SKK Migas announced on Oct. 27 that FEED for the Abadi LNG project was completed three months ahead of the original schedule. The project involves a total investment of $22 billion and will produce 13.8 million standard cubic feet per day (MMSCFD) of gas and 9.5 million tons of LNG per year.
Samsung E&A has been carrying out FEED for the offshore and onshore LNG plants of the Abadi LNG project as part of a consortium with U.S.-based KBR and Indonesia's Adhi Karya. The Indonesian government aims to complete the FID by the end of this year or by January next year at the earliest. In plant projects, the company that performed FEED is highly likely to win the follow-on engineering, procurement and construction (EPC) contract.
The Indonesian government plans to attract investment from global energy companies to increase domestic oil and gas production and drive economic growth. Chairman Djoko said, "Indonesia continues to offer significant opportunities in upstream exploration and development activities." SKK Migas participated in ADIPEC 2026 with 11 oil and gas production sharing contract (PSC) companies and 13 domestic companies to attract investment.
The Indonesian side requested cooperation, emphasizing the ripple effects of large-scale energy projects on the domestic economy. Chairman Djoko said, "The upstream oil and gas industry not only ensures energy supply but also creates jobs and provides various economic opportunities," adding, "Strong and sustainable partnerships with the global energy community are important to carry out these tasks."
※ This article is an AI translation of the Korean original published by Korea Credit News; it was checked by automated quality guards and published by the English edition desk.
