BPMIGAS expects more gas production to come in H2
Monday, March 19 2012 - 03:33 AM WIB
Upstream authority BPMIGAS expects to get significant additional gas production in second half of this year as some major oil and gas projects will commence production in the period.
Head for Public Relation, Security and Formality Division of BPMIGAS, Gde Pradnyana told Petromindo.com that the authority expects to get additional production of over 400 million standard cubic feet per day (mmscfd) of gas and 15,000 barrels of oil per day in second half of this year.
Among major projects that will begin production will include Terang, Sirasun, Batur (TSB) fields in Kangean Block, operated by Kangean Energi Indonesia (KEI), and new wells (KE-39, KE-40 and KE-54) in West Madura Offshore (WMO) Block, operated by Pertamina Hulu Energi with additional production of 13,600 barrels of oil per day beginning in third quarter.
BPMIGAS also expects additional production of 250 mmsfd of gas and 20,600 barrels of oil per day from South Mahakam 1 and 2 in Block Mahakam, operated by Total E&P Indonesie beginning from third quarter 2012. The Bawal Sub Sea project of ConocoPhillips is also scheduled to begin production of 120 mmscfd in the third quarter this year.
Gde said the additional gas and oil production should help reduce the rate of oil production natural declining to 3 percent from 12 percent.
BPMIGAS Chairman R. Priyono on Saturday witnessed a ceremony marking the completion of the much-awaited conversion of Floating Production Unit (FPU) Joko Tole at Sembawang Shipyard in Singapore. The FPU will be deployed to support the production of Terang, Sirasun and Batur (TSB) fields within Kangean Block in offshore East Java.
Priyono said the TSB fields are scheduled to begin production in June 2012 with peak production expected to reach 315 mmscfd. He said the gas production from the fields is vital as it will boost national gas production while helping meet growing demands for gas in East Java area.
Editing by Roffie Kurniawan