New oil, gas fields forecast to stem drop in Indonesian output

21-Dec-2011 Intellasia | Bloomberg | 7:01 AM Print This Post

Indonesia expects 15 new oil and gas fields to start production in 2012, which will help stem a decline in the country’s crude production, the nation’s oil and gas regulator said.

The new fields have total (FP) daily production capacity of 1.16 billion cubic feet of natural gas and 32,500 barrels of oil, Rudi Rubiandini, BP Migas’s deputy of operation, said in a statement yesterday. It’s one of efforts to slow the declining rate in oil output to 3 percent from 12 percent now, he said.

Indonesia’s daily oil output may rise to as much as 950,000 barrels in 2012 from 903,441 barrels this year because of additional production from new fields, Haposan Napitupulu, BP Migas deputy of planning, said on December 16.

The following table shows details of the block and the operating companies as announced by BP Migas yesterday.

New Oil and Gas Blocks in 2012 

  Block Companies Date Production 

  APN E&F PHE ONWJ 1Q 50 MMSCFD 

  Tambang Subsea ConocoPhillips 1Q 50 MMSCFD 

  Wortel Development Santos 1Q 40 MMSCFD 

   750 BOPD 

  Terang Sirasun Batur Kangean Energy 2Q 300 MMSCFD 

  Bawal Subsea Total E&P Indonesie 3Q 120 MMSCFD 

  Peciko 7B Total E&P Indonesie 3Q 122 MMSCFD 

  Sisi Nubi 2A Total E&P Indonesie 3Q 122 MMSCFD 

  KE-39,KE-40,KE-54 PHE WMO 3Q 13,600 BOPD 

  KF Gas Booster Star Energy 3Q 10 MMSCFD 

  South Sembakung Gas Plant JOB Medco 3Q 5 MMSCFD 

   Simenggaris 

  Bayan A field Manhattan 4Q 15 MMSCFD 

   250 BOPD 

  Kampung Baru Gas Plant Energy Equity Epic 4Q 35 MMSCFD 

   Sengkang 

  Kuat Kondur 4Q 9 MMSCFD 

  Seng Gas Plant Phase 2 Kalila Bentu Ltd 4Q 30 MMSCFD 

  South Mahakam 1,2 Total E&P Indonesie 4Q 250 MMSCFD 

   20,600 BOPD 

http://www.bloomberg.com/news/2011-12-19/new-oil-gas-fields-forecast-to-stem-drop-in-indonesian-output.html

 


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