AWE: Surveys at Lengo gas project completed
Thursday, July 30 2015 - 02:53 AM WIB
ASX-listed AWE Limited said that geophysical and geotechnical surveys at the platform site in the Lengo gas development project offshore East Java has been completed along with the proposed platform to shore pipeline route, and the onshore receiving terminal location.
AWE said in a statement Thursday that the plan of development, approved by the Indonesian Government in December 2014, comprises four development wells, an unmanned well head platform, and a 20-inch, 65km export pipeline to transport gas to shore.
?Gas sales marketing negotiations have progressed well and are continuing,? the company said.
The Lengo Gas Project is located in the Bulu PSC, offshore East Java. SGX-listed KrisEnergy Ltd holds a 42.5 percent operated working interest in the Bulu PSC (operator) and is partnered by AWE Limited with 42.5 percent, PT Satria Energindo with 10 percent and PT Satria Wijayakusuma with 5 percent.
KrisEnergy in April awarded the front-end engineering and design (FEED) contract for the Lengo gas project to PT Synergy Engineering.
Editing by Reiner Simanjuntak