Chevron opens FEED tender for deepwater project

US oil giant Chevron Corp. has announced tender for Front End Engineering Design for its East Kalimantan deepwater oil, gas project, an official with upstream oil, gas authority BPMIGAS said on Friday.

Deputy Chairman Hardiono said Chevron has announced tender for the project?s Floating Production Unit and Sub-sea FEED on Friday.

Hardiono said that the project?s EPCF tender would likely be held end of 2010 or early 2011.

The project, known as Indonesia Deepwater will be the first deepwater subsea mega project in Indonesia. The project will require development capital of US$7-8.5 billion and first gas is estimated 6.5-8 years from PoD approval. PoD for the project was approved by the government last year.

The project would extract 2-4TCF of gas in the form of development of 5 integrated gas fields in 4 PSCs namely Muara Bakau PSC, Makassar Strait PSC, Ganal PSC and Rapak PSC.

Gas from the fields will boost supply to Bontang LNG plant. (godang)