Saka?s Fasken block produces 147 mmscfd of shale gas

By Febry Silaban

PT Saka Energi Indonesia, a subsidiary of state-controlled gas distribution firm PT Perusahaan Gas Negara Tbk. (PGN), said that the Fasken area Eagle Ford shale properties in Texas, US has produced 147 mmscfd of shale gas per March of this year.

Last year, Saka has signed a cooperation within the agreement?s framework to fully develop approximately 8,300 acres of Fasken area Eagle Ford shale properties owned by American firm Swift Energy. Swift Energy sold a 36 percent full participating interest in its Fasken properties to Saka for $175 million in total cash consideration

?Shale gas production from the Fasken block for this month has reached 147 mmscfd, while the average production is at 125 mmscfd.,? Saka Operation Director Tumbur Parlindungan told Petromindo.com.

Editing by Johannes Simbolon