SKMIGAS approves POD for two fields in ONWJ
Wednesday, December 19 2012 - 05:04 AM WIB
PT Pertamina Hulu Energy (PHE) announced on Tuesday that the temporary oil and gas management unit SK MIGAS Chairman Jero Wacik had approved two plans of development (POD) for FSB and YY fields of ONWJ Block.
?The approval has been made faster. We presented both PODs on 31 October 2012,? PHE President Director Salis S Aprilian said in Jakarta on Tuesday.
PHE Executive Vice President and General Manager for PHE ONWJ, Jonly Sinulingga said the POD for YY field would be the first approved since Pertamina became the operator of the ONWJ block.
Previously, before being taken over by Pertamina, BPMIGAS had approved PODs for APNE, UL and GG fields.
The ONWJ production sharing contract (PSC) is located in Java Sea with a total area of about 8,300km square, spanning from Cirebon waters to Kepulauan Seribu, offshore Jakarta.
ONWJ is 58,275 percent owned by PT. PHE ONWJ (after buying Talisman?s interest of 5.025 percent last month), 36,7205 percent by EMP ONWJ Ltd, and 5 percent by Energy ONWJ B.V.
FSB field is expected to contribute oil production at 2,250 bopd and gas at 2,22 mmscfd (2,44 bbtud)
The FSB field is located on southern part of Foxtrot field, 3.7km north of FSA, and 5,7 km south of FFB field.
The development of FSB field include one unit (1) of monopod, installment of 10? pipes to the FFB platform, and drillings of two development wells. The total cost needed for the project development is estimated at US$67,2 million.
When the field start commercial operation in the third quarter of 2015, the field is expected to contribute a new reserve of 4,1 mmbo, and 4,6 BCF.
The YY field is expected to increase production at 4.065 bopd and 25,5 mmscfd (28,1 bbtud).
PHE?s success in drilling the exploration well in the YY-4 in September 2011 has encouraged the company to develop the structure of YY.
The development of YY field include a platform, 12? pipeline to KLB at the length of 13,5 km, recompletion for one exploration well YY-4 and drillings of two development wells. The YY field is expected to contribute a new reserve of 4,0 mmbo and 21,2 bcf (Net) or at 23,3 TBTU (sales) with its initial production in Juli 2015.
The total investment for YY is expected to reach $108,5 million for the development of pipeline and platform, recompletion of one exploration well, and drillings of two development wells.
Editing by Benget Besalicto Tnb.