Masela gas reserve rises significantly

By Bernard Loebs

Proven reserve (P1) of Abadi field in Masela PSC offshore Maluku has been revised upwards to 12 trillion cubic feet (tc), double the previous estimate of 6.05 tcf, according to a source.

The sharp increase in the P1 reserve has been certified by DeGolyer & MacNaughton and LEMIGAS, according to the source told Petromindo.com.

Abadi field is one of the most significant gas discovery made in the country in the past decade. The block is operated by INPEX Masela with a 65 percent participating interest in partnership with Shell Upstream Overseas Services (I) Limited, a subsidiary of Royal Dutch Shell plc, which holds a 35 percent participating interest.

INPEX and Shell plan to build a floating LNG plant to process Abadi?s gas, proposing initially to build one LNG train with a capacity of 2.4. mtpa, but it has reportedly proposed to increase the number of the trains to three, thus raising the plant?s capacity to 7.2 mtpa.

Editing by Johannes Simbolon