BPMIGAS approves development plans for 15 concession areas
Wednesday, August 25 2010 - 02:33 AM WIB
BPMIGAS? deputy chairman for planning Haposan Napitupulu said in Jakarta on Wednesday that the contractors of the 15 fields had allocated investment totaling about US$2.55 billion for the development of the oil and gas fields.
Besides, they have allocated another $827.86 million for operating expenditures (opex) and restoration funds.
The 15 gas and oil fields are:
1. Pondok Makmur (PDM)-03 field owned by Pertamina EP, with estimated reserves of 700,000 barrels of oil and condensate and 2.73 BCF of gas. The contractor plans to spend $1.3 million for its development and up to $6.95 million for opex and restoration.
2. South Batara field (Phase-2) owned by PetroChina International Jabung Ltd, located within Jabung block, with estimated reserves reach 4.77 million barrels of oil and 10.32 BCF of gas. Total investment reaches $70.91 million, in addition to $31.43 million allocated for opex and restoration.
3. Tranche 4 gas field owned Pertamina Hulu Energi (PHE) in ONWJ block, offshore West Java, with estimated reserves of 80.48 BCF. The investment is estimated to reach $134.8 million while opex and restoration fund are estimated to reach $77.2 million. The field is expected to come onstream in 2011
4. Karang Tunggal (KRT)-1 field owned by Pertamina EP, with estimated reserves of 660.000 barrels of oil and condensate and 7.85 BCF of gas. Investment is expected to reach $8.48 million, while opex and restoration funds are expected to reach $13.58 million.
5. Bagong 2 well owned by JOB PetroChina Salawati located within Salawati Kepala Burung or Salawati Island JOB-PSC block in onshore/offshore West Papua, with estimate reserves of 370,000 barrels of gas. Investment is estimated to reach $6.71million, and while opex and retoration funds are expected to reach $3.84 million. The well is expected to come onstream in 2010.
6. Handal 1 well owned by Chevron Pacific Indonesia located in Rokan block in Riau province with estimated reserves of 170,000 barrels. Investment is estimated at $930 million while opex is estimated to reach $1.49 million. The well is expected to come onstream in 2010
7. North Arar 1 well owned by PetroChina International (Bermuda) Ltd located within Salawati Kepala Burung or Salawati Island JOB-PSC block in onshore/offshore West Papua, with estimated reserves of 4.69 billion cubic feet of gas. Investment will reach $7 million while opex is estimated at $390,000. The well is expected to come onstream in 2010
8. Peciko Phase 7B well owned by Total E&P Indonesie located in Mahakam block , with estimated reserves of 10,000 barrels of oil and 203.93 BCF of gas. Investment is estimated to reach $733.3 million, while opex is expected to reach $48.4 million.The well is expected to come onstream in 2011.
9. Meta well owned by Medco E&P Indonesia located within South &Central Sumatra block, with estimated reserves of 820,000 barrels of oil, Investment will reach $ 9.66 million in addition to an opex of $9.77 million.
10. RM-2 well owned by Petroselat Ltd located within Selat Panjang working area, with estimated reserves of 500,000 barrels. Estimated investment is about $7.06 million in addition to an opex of about $4.07 million.
11. Sembatu-3 well owned by Medco E&P Indonesia located within South & Central Sumatra block, with estimated reserves of 70,000 barrels of oil. Investment is expected to reach $270,000 barrels and opex is expected to reach $980,000.
12. Letang, Tengah, Rawa wells, owned by ConocoPhillips (Grissik) Ltd located in Corridor working area, with estimated reserves of 1.06 million barrels of oil and 116.72 BCF of gas. Investment is estimated to reach $130 million in addition to opex of about $132.5 million. The wells are expected to come onstream in 2012.
13. Tunu Shallow Phase-2 well owned by Total E&P Indonesie in Mahakam block with estimated reserves 1,000 barrel and 314,89 BCF of gas. Investment will reach $1.02 billion in addition to opex of $ 184,8 million.
14. Sumpai Phase-2 well owned by ConocoPhillips (Grissik) Ltd located within Corridor working area, with estimated reserves of 201.86 BCF. Investment will reach $322 million in addition to opex of $198.35 million. The well is expected to come onstream in 2013.
15. Pondok Makmur Phase-1 well owned by Pertamina EP , with estimated reserves of 14.92 million barrels of oil and 38.53 BCF of gas. Investment is expected to reach $97.21 million, while opex is estimated to reach $114.11 million. The well is expected to come onstream in 2010.(godang/bernard)