Repsol has made the largest gas discovery in Indonesia in the past 18 years
Repsol and partners PETRONAS and MOECO have made the largest gas find in Indonesia in 18 years. The discovery is also among the ten largest finds worldwide in the last 12 months. The KBD-2X well in South Sumatra provides preliminary estimation of at least 2 TCF of recoverable resources.
- The KBD-2X well completed by Repsol and partners PETRONAS and MOECO provides preliminary estimation of at least 2 trillion cubic feet (TCF) of recoverable resources.
- The find is the largest discovery in Indonesia in the past 18 years and represents new resources for the Indonesian market that will help fuel economic development.
- Repsol’s exploration strategy is geared toward maximizing use of gas as a low-carbon alternative for power generation, a key driver in the energy transition.
The discovery was made in the Sakakemang block in South Sumatra, where Repsol, as operator, holds a 45% working interest. PETRONAS owns 45% and MOECO the remaining 10%.
Map of location.
Indonesia – Oil discovery at Kuda Laut, Tuna Block
Premier is pleased to announce that the Kuda Laut-1 well in Tuna PSC (Premier operator, 65 per cent) offshore Indonesia has discovered 183 feet of net oil-bearing reservoir and 327 feet of net gas-bearing reservoir. Oil and gas samples have been recovered to surface.
Following completion of evaluation operations, the well will be side-tracked to drill the Singa Laut prospect in the adjacent fault block. The results of this side-track are expected in late May and will be incorporated with the results from Kuda Laut to assess the extent of discovered resources at that time. Separately, drilling continues at the Ratu Gajah-1 exploration well in the Natuna Sea Block A PSC (Premier operator, 28.67 per cent) with results expected in May.
Eni announces the approval of the Plan of Development (POD) for the Merakes field located in the East Sepinggan PSC in the Makassar Strait, offshore East Kalimantan, Indonesia. The Minister of Energy has granted the approval and Mineral Resources of the Republic of Indonesia, just 3 months after the submission of the plan and less than eleven months after Eni started production from its deep water operated asset in Indonesia, the Jangkrik fields complex in the Muara Bakau PSC.
In November 2017, PT Saka Energi Indonesia, a subsidiary of PT Perusahaan Gas Negara Tbk (IDX:PGAS) unveiled the development of Sidayu Field within Pangkah production sharing contract (PSC) in offshore East Java.
The plan of development (PoD) of the field was approved by the Special Task Force for Upstream Oil and Gas (SKK Migas) in October last year.
PT Pertamina Gas (Pertagas), a subsidiary of state owned oil and gas company PT Pertamina, has kicked off the construction of Porong-Grati gas pipeline, with a length of 56 kilometers in East Java.
Pertagas President Director Hendra Jaya said the groundbreaking of the Porong-Grati project was aimed to meet the gas needs of PLN power plant. He said he hopes that industries along the pipeline will also gain benefits as they can use gas transported through the pipeline.
PT Pertamina Gas is accelerating the construction of the 267-kilometers of gas pipeline linking Gresik town in East Java and Semarang in Central Java, known as Gresem pipeline. The gas pipeline will help connect gas pipeline across the Java Island.
President Director of PT Pertamina Gas (Pertagas) Hendra Jaya said since the delivery of pipelines to stockyard Alas Tuo station in Semarang on May 22, 2015, which is marking the construction of the pipeline, the progress of the pipe installation has gone well.
East Africa-focused oil and gas company Wentworth Resources has announced the first gas delivery from its Mnazi Bay Concession in southern Tanzania to the country’s new transnational pipeline. Two wells are now producing, with the three remaining wells expected to be put in production in the coming months. Initial production volumes will be used for commissioning purposes and to fill the pipeline, with production rates expected to increase to 70 MMcf/d by October this year and 80 MMcf/d by the end of 2015. The Mnazi Bay joint venture partners have agreed payment security terms with Tanzania Petroleum Development Corporation (TPDC), the buyer of the gas, and various other parties.