Criterium Energy Ltd (TSXV: CEQ), an independent upstream energy development and production company focused on energizing growth for Southeast Asia, today announced that it has entered into a definitive Facility Sharing Agreement with Jindi South Jambi B Co. Limited, the operator of the Teluk Rendah Gas Plant.
“Completion of the FSA is another critical milestone that moves us closer to first gas from our SE-MGH gas development, which remains scheduled for Q3 2026,” said Matthew Klukas, President and CEO of Criterium Energy. “Importantly, this agreement establishes a strong partnership with Jindi, and our collective collaboration has been instrumental in bringing the FSA to completion and advancing the SE-MGH development. We look forward to building on this partnership as we work together to maximize the utilization of existing infrastructure and support increased gas production in the region. For Criterium, access to this critical infrastructure on a sharedcost basis strengthens our position in Indonesia’s domestic gas market and provides a platform to develop our broader gas portfolio, leveraging cash flow expected to be generated from SE-MGH.”
Terms of the FSA
Under the terms of the agreement, Criterium gains access to the TRGP, which has a processing capacity of 30 mmcf/d, as well as the 10” 60 km TRGP to Sekernan Pipeline (“TGRP-Sekernan Pipeline”) that connects to the delivery point as outlined in the previously completed Gas Sales Agreement. The TRGP and TRGP-Sekernan Pipeline are expected to provide sufficient capacity to support Criterium’s near-term gas development plans within the Tungkal PSC.
The TRGP and TRGP-Sekernan Pipeline were originally constructed in 2004 by ConocoPhillips and were upgraded and refurbished by Jindi in 2020 and 2021. Jindi and Criterium will share operating costs, capital expenditures and facility upgrade costs, and will contribute to an abandonment and site reclamation fund, in each case based on throughput. Jindi will retain operatorship of the facilities, while capital expenditures will be subject to mutual agreement and costs will be reconciled annually.
The FSA was entered into on September 8, 2026, on an arm’s-length basis between Mont D’Or Oil Tungkal Limited, a wholly owned subsidiary of Criterium, and Jindi.
