Production in Terang field hits 10m barrels
Tuesday, March 19 2013 - 07:58 AM WIB
Japan Petroleum Exploration Co., Ltd. (JAPEX) and Mitsubishi Corporation announced on Tuesday that total production at the Terang gas field within the Kangean PSC in East Java has reached 10 million barrels of oil equivalent since the field started commercial production on May 26, 2012.
Japex and Mitsubishi hold a 50 percent share in the block, which is operated by Kangean Energy Indonesia Ltd ? a subsidiary of PT Energi Mega Persada.
In a statement, the two firms said that the JAPEX-MC partnership in the Kangean PSC area goes back to May 2007, and since then, the 4 oil and gas fields located there (Pagerungan gas field, Sepanjang oil field, PUO oil field and Terang gas field) have collectively produced oil and gas of over 20 million barrels of oil equivalent.
Terang gas field is located offshore, approximately 90km north of Bali (at a water depth of 90m) and is part of the TSB gas field complex, which is composed of Terang, Sirasun and Batur gas fields.
There are 4 production wells, including horizontal wells. In the first 8 months of operations alone, production from Terang gas field reached a total of 10 million barrels, with daily gas production averaging 240 million cubic feet (approximately 40 thousand barrels of oil equivalent per day).
Editing by Dadan Wijaksana