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Pertamina has a dig over Cepu gas
06/Feb/2010 Intellasia | Upstream Online
6 Feb, 2010 - 10:48:12 AM
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Cepu, in Central Java, ranks among ExxonMobil's top 10 projects worldwide. It is being jointly developed by ExxonMobil and Pertamina, and began initial production with a volume of around 800 barrels per day of crude oil in December 2008.

"Pertamina proposes becoming an operator in gas development in Cepu Block. Pertamina wants the development to be carried out quickly," Reuters quoted Karen Agustiawan, Pertamina's president director, telling a parliamentary hearing.

Agustiawan criticised ExxonMobil's unit in managing Cepu oil peak production development, saying it was well behind schedule.
"The timing for Cepu oil peak production now is 2014. It said previously the peak output would be in 2008," she said.

Another Pertamina official said Cepu has about 2 trillion to 3 trillion cubic feet of proven and potential natural gas reserves.
"If Pertamina operates the gas fields in Cepu, the fields can produce gas within three to four years," the official, who declined to be quoted by name, said.

"The gas can be supplied to Indonesia's state electricity firm as it is seeking more gas for its power plants," he said.
http://www.upstreamonline.com/live/article205359.ece





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