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Indonesia upstream agency approves 18 oil-gas projects in 9 months worth US$3.65 bln

Echo2 platform,PHE ONWJ (photo: PHE)
Echo2 platform,PHE ONWJ (photo: PHE)

JAKARTA ( – Indonesia’s Special Task Force for Upstream Oil and Gas Business (SKK Migas) at the Energy and Mineral Resources Ministry (ESDM) has approved 18 major oil and gas projects in the period of Jan. 1 – Sept. 2, 2015 with total investment of US$3.65 billion or equals to Rp51 trillion.

“The state revenues from the projects are estimated to reach US$10.55 billion or around Rp148 trillion,” SKK Migas Head for Public Relation Division Elan Biantoro said.

“We are calling for the support from all parties so that the development of oil and gas fields can go ahead in line with schedule,” said Elan.

Followings are among oil and gas projects that have been approved:

– Put on Production (PoP) of Gulamo North-01 Well in Rokan Block operated by PT Chevron Pacific Indonesia with investment of US$1.2 million. The project will add production of 150 barrels of oil per day in 2015

–  The first Plan of Development (PoD) of Parit Minyak field in  Kisaran Block which is operated by Pacific Oil & Gas with investment of US$53.5 million. The project is scheduled to add production of 1,300 barrels of oil per day in 2016;

– Plan of Further Development (PoFD) of Foxtrot field in ONWJ Block, operated by PHE ONWJ with total investment of US$425.5 million. The project is expected to add 11,000 bopd of oil prduction and 12 million standard cubic feet per day (MMSCFD) of gas in 2019;

– Revised PoD of Tiung Biru-Jambaran field in Cepu Block, which is operated by PT Pertamina EP Cepu with investment of US$2.056 billion . The project is expected to produce 315 MMSCFD of gas and 1,300 bopd in 2020.

As for Masela Block, SKK Migas has received the revision of the PoD of Abadi Field in Masela Block from Inpex on Sept. 2, 2015. In the revised PoD, Inpex plans to revise up the floating LNG (FLNG) capacity to 7.5 million tons per annum, from 2.5 million tons per annum set earlier. The revision was proposed after the company made new gas discovery. (*)


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