Saka to submit POD of Sedayu next year
Friday, October 9 2015 - 01:42 AM WIB
PT Saka Energi Indonesia, a subsidiary of state-owned PT Perusahaan Gas Negara (PGN), will submit the Plan of Development (POD) for Sedayu field in Pangkah PSC offshore East Java next year, according to senior official of the firm.
?Hopefully the field will be onstream in 2017 or early 2018,? Chief Operating Officer Tumbur Parlindungan said.
Earlier, Saka Energi announced a significant discovery made during exploration in Sidayu-3 well on Aug. 17, 2015 with preliminary assessment revealing the reserve amounts to 300 million barrels of oil.
The Sidayu discovery is the latest in the string of success made by the firm during exploration in recent years. Five months ago, the firm also announced the discovery of gas at the SIS-A#1 wildcat well in South Sesulu block, offshore East Kalimantan.
The Pangkah block, located off the northeast coast of Java, is 100 percent owned by Saka. The firm bought out the block from American firm Hess Corp in two transactions worth US$915 million executed in 2013 and 2014.
Editing by Johannes Simbolon