Production at Saka's Fasken block exceeds target

By Febry Silaban

PT Saka Energi Indonesia, a subsidiary of IDX-listed gas distribution firm PT Perusahaan Gas Negara Tbk. (PGN), said that the Fasken area Eagle Ford shale properties in Texas, the US, currently has an average production rate of 190 mmscfd of shale gas, which is above this year?s target.

?The average production from the Fasken block is at 190 mmscfd of shale gas,? Saka Operation Director Tumbur Parlindungan told Petromindo.com, adding that the production target for this year is approximately 160-190 mmscfd of gas.

In 2014, Saka set up a joint venture with US-based Swift Energy, in which the former holds 36 percent stake and the latter 64 percent, to develop the Fasken shale gas block, which is estimated to have shale gas reserves of about 1 trillion cubic feet.

Elsewhere, Saka said that gas pipeline infrastructure supporting the Fasken field has a capacity of up to 250 mmscfd, while output dedicated for export can be made via LNG plant in Texas. Tumbur hopes that Saka?s investment in Fasken would help strengthen Indonesia?s gas supply security.

Editing by Reiner Simanjuntak