Aabar sees 240BCF production from Kalimantan gas field

Abu Dhabi-based E&P firm Aabar Petroleum reported on Wednesday that its subsidiary Pearl Energy had submitted a plan of development (POD) for the Ruby gas field, which is located in the Sebuku production sharing contract offshore East Kalimantan.

The POD followed a successful appraisal drilling program in early 2007 and forecasts a plateau production rate of 100 million standard cubic feet per day for four years followed by a five year tail period, with a total production volume over the nine years of 240 billion standard cubic feet, the company said.

The company did not detail about the potential offtaker of the gas.

Aabar has 100 percent interest in Sebuku. (alex)