Santos reports Indonesian Q1 production

Australia-based oil and gas firm Santos Limited has released its 2013 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 of 7.1 PJ was in line with the corresponding period, with higher production from Wortel and Oyong offsetting lower production at Maleo driven by lower customer nominations. Oil production from Oyong was 7% lower than Q4 2012 due to natural field decline.

Development projects
Peluang (Santos 67.5%, operator)

Sanctioned in February 2013, the Peluang gas project is located in the Maleo gas field, offshore East Java in Indonesia. It will be developed as a tie-back to the existing facilities at Maleo, and will include one horizontal gas well, a minimum facility stand-alone wellhead platform and a pipeline to the Maleo platform.

First gas is expected in the first half of 2014, with an anticipated gross peak production of 25 mmscf/day. The engineering, fabrication and installation tender processes are now in progress, and procurement for long-lead material has commenced. (end of edited excerpt)