Husky: BD field development to ramp up gas sales in second-half 2017

By Romel S. Gurky

Canadian firm Husky Energy said that the liquids-rich BD field in the Madura Strait block, offshore East Java, is scheduled to ramp up to its full gas sales rate by the second half of 2017, with a fixed-price contract and a net production target of 40 million cubic feet per day (mmcf/day) of gas and 2,400 bbls/day of liquids

The company reiterated in a statement issued Tuesday that four additional gas fields are being progressed in the Madura Strait block. ?The MDA-MBH and MDK fields will be developed in tandem and are scheduled to come on production in the 2018-2019 timeframe, and a plan of development has been approved for the MAC field,? the statement said, without providing further details.

Husky said in an update statement October 29 that construction of pipeline in the BD field has reached approximately 92 percent as the installation and testing of the subsea pipeline has been completed, while the construction of the onshore gas metering station was nearing completion. Husky said construction of a FPSO vessel to process the gas and liquids production was approximately 94 percent complete and preparations were underway for the transportation and installation of the vessel at the field location. The company said that production from the BD development was expected to commence in 2017.

Meanwhile, production from the MDA, MBH and MDK fields is expected in the 2018 - 2019 timeframe.

Husky and CNOOC respectively hold a 40 percent equity interest in Madura Straits PSC, with the remaining 20 percent held by Samudra Energy Ltd.

Editing by Reiner Simanjuntak