Chevron to carry out environmental impact analysis on deepwater project

US oil, gas giant Chevron Corp. through its unit Chevron Indonesia Company (CICo) will undertake environmental impact analysis (AMDAL) on its planned deepwater gas and condensate project in Makassar Straits.

The Company said in an announcement on Monday it would develop Gendalo, gehem, Gendang, Bangka and Maha fields which are located in the water depth of between 900 to 2,000 meters.

To support the development, CICo will install sub-sea pipeline from Floating Production Unit which will be located in Gendalo and gehem to Santan terminal and from Bangka to FPU in Wet Seno gas field, which is already in operations.

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 Chevron?s 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. (denny)