AAL wellhead platform, FPSO tender plans approved

By Romel S. Gurky

ASX-listed AWE Ltd said Wednesday that development activity continues on the Ande Ande Lumut (AAL) oil field project at the West Natuna PSC in the Natuna Sea, with government approval received for the wellhead platform and FPSO tender processes.

?Prequalification and contracting activity is planned for 2015. The operator has advised it will not proceed with drilling an appraisal well on the underlying G-sand reservoir in 2015 and has proposed moving FID (final investment decision) for the project to the second half of calendar 2016 with first oil in 2018,? AWE said in a statement.

AWE holds a 50 percent interest in the West Natuna PSC, while the balance is held by ASX-listed Santos Ltd as the operator.

AWE said earlier that joint venture will be in a position to consider the FID for AAL field in late 2015 or early 2016, with first oil targeted in late 2017.

Editing by Reiner Simanjuntak