Kerendan project to be completed this month
Tuesday, July 7 2015 - 01:22 AM WIB
By Romel S. Gurky
UK-firm Ophir Energy Plc announced on Monday that mechanical completion of the Kerendan Gas Project in Bangkanai PSC in Central Kalimantan is forecast to be completed this month
The development remains on schedule to start delivering 20 mmscfd in the second half of 2016. The Kerendan field contains 120 Bcf of 2P reserves and a further 160 Bcf of contingent resource.
Ophir owns 70 percent of Bangkanai PSC through Salamander Energy. In November of last year, Ophir acquires Salamander through an all-share transaction worth US$492.3 million.
Editing by Johannes Simbolon