PHE plans gas monetization from two CBM blocks
Thursday, January 26 2012 - 03:16 AM WIB
By Bernard Loebs
PT Pertamina Hulu Energi and partners will monetize gas production from its 2 CBM projects in the first quarter of this year.
The pre-commercial (before PoD) gas production will come from the Tanjung Enim CBM block (PHE Metana Sumatera Tanjung Enim, PT BA and Dart Energy) in South Sumatra and West Sangatta CBM block (PHE, Ephindo and Dart Energy) in East Kalimantan, said President Director Salis S. Aprilian.
The gas volume to be monetized from each block would hover around 1.5 MMSCFD to 2 MMSCFD with the price of between US$4 and US$5 per mmbtu.
PHE will become the operator when the commercial operation at the two blocks, or after the POD was approved, begins.
Editing by Dadan Wijaksana