13 new oil and gas fields to begin production this year

Wednesday, May 14 2008 - 01:57 AM WIB

As many as 13 new oil and gas fields are expected to begin commercial operation this year with a combined production of about 71,368 barrels of oil equivalent a day.

The head of oil and gas upstream regulator BPMIGAS, R. Priyono, said in Jakarta on Wednesday that the 13 new fields included Tangguh, Banyu Urip, North Duri, Lengowangi-1, and Tunu 13A .

Priyono said that the total investment for the development of the 13 oil and gas fields reached about US$11.96 billion. "As many as 2,666 wells have been drilled in the 13 oil and gas fields," he added.

According to him, the Tangguh field in West Papua which is operated by BP Tangguh, absorbed the largest investment which reached about $7.21 billion.

Priyono also said that the country's total net crude oil production totaled 955,000 barrels per day in April, exceeding the government's target of 927,000 barrels per day. In March, the total production reached 958,000 barrels per day.

"We hope, the total oil production will reach one million barrels per day by the end of this year," he added. (Bernard/godang)

ONSTREAM FIELDS IN 2008

No Field Contractor(s) Block PoD approved Location Investment (million US$) Production in 2008 well(s) number
Oil (BPD) Gas (MMCFD) LPG (BPD) BOEPD
1 Tangguh BP Tangguh Tangguh 2005 W. Papua 7,210.0 380.6 134.92 - 24,411.53 57
2 Banyu Urip Exxon Mobil Oil Indonesia Cepu 2006 East Java 1,512.1 1,700 - - 1,700 49
3 North Duri PT Caltex Pacific Indonesia (Chevron Pacific Indonesia) Rokan 2006 C. Sumatra 1,100.81 630.14 - - 630.14 2,385
4 Bekapai oil and gas redevelopment Total E&P Indonesie Mahakam 2007 E. Kalimantan 117.90 1,400.0 29.0 - 6,565.12 7
5 Lukah-1X well Star Energy (Kakap) Ltd. Kakap 2007 Natuna Sea 5.36 73.0 3.80 - 749.81 1
6 KBB-01 PT Pertamina EP Java Region 2007 Java 0.75 123.29 0.13 - 146.22 1
7 NCJ-01 PT Pertamina EP Java Region 2007 Java 1.15 - 0.17 - 30.25 1
8 Handil phase-3 Total E&P Indonesie Mahakam 2007 E. Kalimantan 135.0 3,400.0 2.70 - 3,880.89 16
9 Kaju PT Exspan Nusantara/ PT Medco E&P Indonesia Kampar 2007 C. Sumatra 0.88 262.50 - - 262.50 1
10 North Randengan PT Pertamina Java Region 2008 C. Java 0.72 190.30 0.08 - 204.21 1
11 Anggor (Aro) JOB Pertamina-Costa Gebang 2008 C. Sumatra 38.44 - 3.28 - 583.61 2
12 Lengowangi-1 JOB PetroChina East Java Tuban 2008 E. Java 2.97 - 2.52 - 448.93 1
13 Tunu 13A Total E&P Indonesie Mahakam 2008 E. Kalimantan 885.20 1,002.74 36.10 - 7,432.18 100
Total 11,958.28 13,974.54 303.32 - 71,367.96 2,666
DELAYED PROJECTS
No Field Contractor(s) Block PoD approved Location Investment (million US$) Production in 2008 well(s) number
Oil (BPD) Gas (MMCFD) LPG (BPD) BOEPD
1 Senoro JOB Pertamina-Medco E&P Tomori Sulawesi Senoro-Toili (Tomori) 2005 C. Sulawesi 245.17 1,389.04 17.26 - 4,463.23 21
2 Pulau Gading and Sungai Kenawang JOB Pertamina-Hess Jambi Merang 2006 Sumatra 384.93 2,684.93 58.96 3,369.79 16,556.58 17
3 Sadewa Chevron Indonesia Company E.Kalimantan 2006 E. Kalimantan 316.90 738.00 14.40 - 3,302.75 6
Note:
1. Senoro: Uncompleted gas sales agreement, uncompleted LNG plant deal
2. Pulau Gading and Sungai Kenawang: Change in gas market and liquid processing problem. (Revised PoD has been submitted)
3. Sadewa: Re-evaluation of sub-surface on going
Source: BPMIGAS
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