JAKARTA (RAMBUENERGY.com) – Chevron Indonesia Company Ltd said Bangka field, located in East Kalimantan, has begun producing its first gas, marking a signicant progress of the Indonesia Deepwater Development (IDD) project.
“The gas production of the Bangka project is an important achievement in order to continuously support the government in producing energy which is safe, efficient and reliable for Indonesia,” Managing Director of Chevron IndoAsia Business Unit Chuck Taylor said in a statement Wednesday (Aug. 31)
Chevron IndoAsia Business Unit supervise Chevron Indonesia Company Ltd. Bangka is the first phase of the Indonesia Deepwater Development (IDD) project.
The project also shows Chevron’s commitment to bring its global expertise and latest technology to Indonesia and apply the best practices and expertise in its deepwater projects across the globa, said Taylor.
The Bangka field project will have capacity to produce 110 million standard cubic feet gas per day (MMSCFD) and 4,000 barrels of condensate per day. Chevron holds 62 percent shares in the Banka project, while its partner Eni owns 20 percent and Tip Top 18 percent.
Bangka field is part of five gas fields of the giant Indonesia Deepwater Development (IDD) project being developed by Chevron Indonesia Company (Cico). Chevron develops the monster IDD project through four Production Sharing Contracts (PSC), namely Ganal, Rapak, Makassar Strait and Muara Bakau PSCs. There are five gas fields being developed in the IDD project, namely Bangka, Gehem, Gendalo, Maha and Gandang fields.
Cico plans to develop 28 deepwater wells in five integrated fields through two floating production unit (FPU) hub and one subsea tie-back. These two FPU hub are Hub Gendalo, which is the facility integrating the Field of Gendalo, Maha, dan Gandang in 2.200 – 5.600 feet of depth and Hub Gehem, which is the production facility of Gehem Field in 6.000 feet of depth.
Meanwhile, Bangka Field in 3.200 feet of depth would become subsea tie back to FPU West Seno, which is already exist and operated by Chevron. The facility is expected to require investment US$ 4 up to US$ 7 billion.
The final investment decision (FID) of the project was finalized in 2014. Chevron then began drilling the well in second half of 2014.
Chevron is the largest oil producer in Indonesia. It has operated in Indonesia for the past 90 years.
Bangka Field was supposed to produce gas by 2015, while the production in Hub Gendalo and Gehem is hoped to be realized each by 2017 and 2018.
Chevron said in its website that the Gendalo and Gehem fields are expected to produce a maximum of 1.1 billion cubic feet of natural gas and 47,000 barrels of condensate per day. (*)