Chevron announces first gas from Bangka Project
Wednesday, August 31 2016 - 07:04 AM WIB
"First gas for the Bangka Project is a significant milestone and highlights Chevron?s commitment to continue supporting the government?s energy goals and delivering energy to Indonesia safely, efficiently and reliably,? said Chuck Taylor, Managing Director Chevron IndoAsia Business Unit said in a statement.
?The project represents Chevron?s commitment to bring global capabilities and advanced technology to Indonesia and applies best practices and expertise from our deepwater developments around the world,? Taylor said.
The Bangka project has a design capacity of 110 million cubic feet of natural gas and 4,000 barrels of condensate per day. Chevron has a 62 percent interest in the Bangka project with the other contributing joint venture participants being Eni with a 20 percent interest and Tip Top with an 18 percent interest. A final investment decision was reached in 2014, following government approvals. Chevron began drilling the development wells in the second half of 2014.
Chevron is one of the world's leading integrated energy companies and through its Indonesian subsidiaries, has been present in Indonesia for 92 years. Chevron Indonesia leads as one of Indonesia's largest producer of crude oil. From the company?s onshore oil fields in Riau, Sumatra and our offshore fields in East Kalimantan, it has produced more than 12 billion barrels of oil to meet the energy needs of Indonesia's growing economy. In addition, Chevron is the one of leading geothermal producer in Indonesia with two geothermal projects in West Java, Darajat and Salak.
Editing by Reiner Simanjuntak