Gas production at BD field continues to ramp up towards full sales rate
Saturday, October 28 2017 - 02:59 AM WIB
Canadian firm Husky Energy Inc said the liquids-rich BD gas project, the first in a series of natural gas developments under way in the Madura Strait block, offshore East Java, recorded gas sales of 38.3 mmcf/day (15.3 mmcf/day Husky working interest). The first lifting of liquids took place in mid-October.
The company said in a statement on Thursday project continues to ramp up towards full gas sales rates, with a sales production target of 100 mmcf/day of gas (40 mmcf/day Husky working interest) and 6,000 bbls/day of associated liquids (2,400 bbls/day Husky working interest).
BD sales gas is being sold to the East Java market at contracted rates for a realized price of C$9.39 per mcf.
Husky said additional fields in the Madura Strait are being advanced. Seven production wells are scheduled to be drilled at the combined MDA-MBH fields in the first half of 2018, with first gas anticipated in the 2019 timeframe. A field at MDK is scheduled to be tied in during the same period, with all three fields sharing infrastructure.
Construction of a floating production vessel is in progress, with the processed gas to be transported through the East Java subsea pipeline.
Total sales volumes from the BD Gas Project and the MDA-MBH and MDK fields are expected to be approximately 250 mmcf/day of gas (100 mmcf/day Husky working interest) and 6,000 bbls/day of associated liquids (2,400 bbls/day Husky working interest) once production is fully ramped up.
Additional discoveries in the area continue to be evaluated for potential development.
Husky holds a 40 percent working interest in a joint venture company that holds the PSC for the Madura Strait Block covering approximately 622,000 acres, offshore Indonesia. It is focused on the development of the BD, MDA, MBH, MDK and MAC fields.
Editing by Reiner Simanjuntak