ARCO seeks bids for Indonesia LNG plant - July 28, 1999

Providing coverage of Alaska and northern Canada's oil and gas industryJuly 1999

Vol. 4, No. 7

Week of July 28, 1999

ARCO seeks bids for Indonesia LNG plant

Petroleum News Alaska Staff

Atlantic Richfield Co. said late last month that it has asked companies to bid on the design of a liquefied natural gas plant in Indonesia. The plant is part of the $4 billion Tangguh project to liquefy Indonesian natural gas for export.

ARCO had considered contracting with Inti Karya Persada Teknik, but elected to start a new bidding process following the recent change of government in Indonesia. IKPT is controlled by a friend of former Indonesian President Suharto. The company will be eligible to bid again on the $10 million design and engineering contract.

The new bidding process is not expected to delay the 2004 start-up for the LNG plant.

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