The Ministry of Energy and Minerals Resources (ESDM) has promised to the decide on the fate of the Masela Block’s Plan of Development (POD), which is being drafted by the INPEX Corporation, before the end of the year. Among the conditions is set for the POD is that INPEX must bring down the cost of investment to US$20-21 billion from US$25 billion. The problem is that there a few versions of this cost figure. Somehow the investment cost estimate has kept on changing.
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