RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2016-08-01 18:55:00

INDONESIA STARTS OUTPUT

INDONESIA STARTS OUTPUT

 

INDONESIA OIL GAS MAP

 

REUTERS wrote,  Indonesia expects to start natural gas production from two deepwater fields this year and next, even as major oil companies are reviewing the economics for other projects, a senior energy official said late on Thursday.

The Bangka project, majority owned by Chevron, will start operation in August, Wiratmaja Puja, the director general of oil and gas at Indonesia's Energy Ministry, told Reuters in an interview.

Italian oil firm Eni's Jangkrik project is 80 percent complete and is expected to commence operation in July 2017, he said.

Both projects are located in the Kutai Basin offshore East Kalimantan province where several projects are being planned under the name of the Indonesia Deepwater Development (IDD).

Two other IDD projects - Chevron's Gendalo-Gehem and Eni's Merakes - have been put on hold after oil and gas prices fell LNG-AS, Puja said.

The Indonesian government is in talks with the companies on providing more incentives to raise the internal rate of return for the deepwater projects to at least 25 percent, up from 10 to 15 percent currently, Puja said.

The companies have proposed incentives that include extending the length of the production sharing contracts for the deepwater projects beyond the initial 30 years because of their complexity and a longer exemption period for being obligated to sell to the domestic market.

"We're still discussing it. It's not decided yet," Puja said.

Chevron has a 62 percent interest in the Bangka project, according to its website. The project has a design capacity of 115 million cubic feet of natural gas and 4,000 barrels per day (bpd) of condensate, a light oil typically produced in association with gas.

The Jangkrik project, which Eni holds a 55 percent stake, is expected to produce 450 million cubic feet of natural gas and 4,400 bpd of condensate, according to the project contractor Saipem's website.

Separately, Indonesia has offered 17 oil and gas blocks in an auction this year, including the deepwater Surumana block, Puja said.

-----

Earlier: 

SOUTHEAST ENERGY WAR 

PERTAMINA SEEK PARTNERS 

INDONESIA & BP: 10,000 JOBS 

INDONESIA HAS CLAIMS 

WBG WANTS INDONESIA 

INDONESIA'S OIL DOWN

 

 

 

 

Tags: INDONESIA, GAS
Chronicle:
INDONESIA STARTS OUTPUT
2021, June, 10, 12:39:00
Which Actions Can Fuel The Industry: The 7th International LNG Congress Summary
Global view on the LNG industry future, actions in frames of IMO Regulations, alternative fuels for trucks and fleet, opportunities of LNG increase in Europe, and Bio-LNG and LNG-to-Power initiatives have become some of the topics of the 7th International LNG Congress. It was held at the BGS online platform on the 7-8 of June, and gathered more than 500 decision-makers of the LNG industry.
INDONESIA STARTS OUTPUT
2021, June, 10, 12:38:00
МЕЖДУНАРОДНАЯ КОНФЕРЕНЦИЯ И ВЫСТАВКА "УГОЛЬ РОССИИ И СНГ"
Более 150 руководителей ведущих предприятий угольной промышленности России и СНГ соберет Международная конференция и выставка «Уголь России и СНГ», которая будет проходить 16-17 ноября 2021 в г. Москва Организатор мероприятия: Vostock Capital
INDONESIA STARTS OUTPUT
2021, June, 10, 12:35:00
U.S. OIL INVENTORIES DOWN 5.2 MB TO 474.0 MB
U.S. commercial crude oil inventories decreased by 5.2 million barrels from the previous week to 474.0 million barrels.
INDONESIA STARTS OUTPUT
2021, June, 10, 12:30:00
TC ENERGY HAS TERMINATED KEYSTONE
TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) confirmed today that after a comprehensive review of its options, and in consultation with its partner, the Government of Alberta, it has terminated the Keystone XL Pipeline Project (the Project).
INDONESIA STARTS OUTPUT
2021, June, 9, 12:55:00
OIL PRICE: ABOVE $72
Brent rose 73 cents, or 1%, to close at $72.22 a barrel, WTI rose 82 cents, or 1.2%, to settle at $70.05 a barrel,
INDONESIA STARTS OUTPUT
2021, June, 9, 12:50:00
OIL PRICES 2021-22: $68-60
EIA forecasts that Brent prices will remain near current levels in 3Q21, averaging $68/b., and $60/b in 2022.
INDONESIA STARTS OUTPUT
2021, June, 9, 12:45:00
OPEC+ OIL PRODUCTION UP 430 TBD
Despite the production gains, the looser quotas meant OPEC+ compliance stayed mostly steady at 111.45% compared to 111.16% in April,
All Publications »