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13 new oil fields to help secure output target
Upstream oil and gas regulator BPMigas announced Tuesday 13 oil and gas fields would start producing this year, helping to secure the country's oil production target
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Upstream oil and gas regulator BPMigas announced Tuesday 13 oil and gas fields would start producing this year, helping to secure the country's oil production target.
Among the fields are the Tangguh gas block in Papua operated by British-based energy giant BP, the Cepu block in East Java owned by U.S.-based oil firm Exxon and the Mahakam block in East Kalimantan owned by France's Total.
BPMigas chairman Priyono said during a press briefing the agency targeted an additional combined oil and gas production of 47,100 barrels of oil equivalent per day from the 13 fields, with 9,300 of the barrels oil.
"We are optimistic we can reach the 977,000 barrel-per-day oil production target," he said.
He said the country's oil production had reached 955,847 barrels per day in January, 986,848 barrels per day in February, 985,872 in March and 978,960 in April, and that the country would not find it difficult to meet this year's oil production target of 977,000 barrels per day.
Fields that failed to start producing this year, include the Senoro gas block in Central Sulawesi, where delays are owing to ongoing gas price negotiations, state oil and gas firm Pertamina's Pulau Gading and Sungai Kenawang blocks in Jambi, delayed by uncertainty over the blocks' estimated value, and American oil company Chevron's Sadewa block in East Kalimantan, where the company is still conducting studies.
13 fields that will begin producing in 2008
No. field contractor block investment location production
in billion$ oil gas
barrels per day million cubic feet
1. Tangguh BP Tangguh Tangguh 7.2 Papua 380 134.9
2. Banyu Urip Exxon Cepu 1.5 East Java 1,700 -3. North Duri Chevron Rokan 1.1 Sumatra 630.14
4. Bekapai Total Mahakam 0.117 Kalimantan 1,400 29
5. Sumur Lukah Star Energy Kakap 0.005 Kalimantan 73 3.8
6. KBB-01 Pertamina Java 0.0075 Java 123.2 0.13
7. NCJ-01 Pertamina Java 0.001 Java - 0.17
8. Handil Total Mahakam 0.135 Kalimantan 3,400 2.7
9. Kaju Medco E&P Kampar 0.008 Central Sumatra 262.5
10. Randegan Pertamina Java 0.007 Central Java 190.3 0.08
11. Anggor (Aro) Pertamina Gebang 0.038 Sumatra - 3.28
12. Sumur Lengowangi Petrochina Tuban 0.002 East Java - 2.52
13. Tunu13A Total Mahakam 0.885 Kalimantan 1,002 36
