Santos reports Indonesian Q1 oil, gas production

Australian-based oil and gas firm Santos Limited has released on Thursday its 2012 first quarter report. The following is an edited excerpt of the report on the company?s oil and gas production in Indonesia.

Production
Santos? net entitlement to gas production in Q1 2012 of 7.0 PJ was 30% lower than the corresponding period primarily due to a lower entitlement to Maleo gas following the favourable price review in 2011 and natural field decline at Oyong. This was partially offset by the commencement of gas production from Wortel in late January 2012.

Development projects
Wortel project (Santos 45%, operator)

The Wortel project was approved for development in November 2010. Wortel is located seven kilometers west of the Santos-operated Oyong oil and gas field, offshore Madura Island in the Sampang PSC, East Java, Indonesia. The project includes two gas wells, a minimum facility wellhead platform and a 10-kilometre gas pipeline to the existing Oyong wellhead platform. Wortel gas production will flow through the existing 60-kilometre pipeline to the onshore gas processing facility at Grati for processing and onward sale.

Gas production commenced from Wortel at the end of January and the project was delivered on budget. For further information, refer to the ASX release of 1 February 2012. (end of edited excerpt)