Dart evaluates pilot-to-power project in Tanjung Enim
Monday, April 30 2012 - 08:25 AM WIB
Australia-listed energy company Dart Energy said it is currently evaluating a pilot-to-power project to use produced gas from the pilot wells at its Tanjung Enim PSC, South Sumatra.
It said in a presentation that commercial discussions and legal preparation work in relation to the pilot-to-power scheme for Tanjung Enim coal-bed methane (CBM) project continued during the quarter.
Drilling of three pilot wells that commenced in December 2011 progressed during the quarter and is expected to complete during 2Q 2012 to allow for assessment of production capacity.
Dart Energy holds 45 percent interest in the block and also functions as the operator. PT Bukit Asam and Pertamina hold interest of 27.5 percent respectively. The Tanjung Enim PSC covers 308 km2 in the South Sumatra basin.
On February 14, 2012, the upstream authority BPMIGAS approved amendments to the Tanjung Enim PSC to allow for sale of gas prior to the Plan of Development (?POD?) approval.
This is an important regulatory milestone to facilitate pilot gas sales before full commercial development and underscores the government?s commitment for early development of the country?s CBM resources.
In another development, Dart also announced that a rig tender has been made for a 7-well core hole program as part of its drilling commitments and the contract is expected to be awarded in mid-2012.
Editing by Dadan Wijaksana