Jakarta, ID
Monday, May 28 2012, 07:45 AM

Business

Total’s Mahakam block facing slight decline in gas production

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Total E&P Indonesie, the local unit of France’s Total S.A and the biggest gas producer in Indonesia, estimates that its natural gas production in the Mahakam block in East Kalimantan will decline slightly from 2.57 billion standard cubic feet a day (bcf/d) in 2008 to 2.55 bcf/d this year.

Elisabeth Proust, Total E&P Indonesie’s president director and general manager, said that the gas production was predicted to further decline to 2.38 bcf/d in 2010.

“This is a difficult block with matured fields. We have to fight everyday to prevent the decline,” told lawmakers in a hearing on Thursday.

Hardy Pramono, Total E&P Indonesie’s deputy executive vice president for East Kalimantan district, said that the lower gas production would also drag down the block’s oil and condensate output.

It expects that the block’s oil and condensate production will be 86,200 barrel oil per day (bopd) next year, down from 97,200 bopd, which is the company’s estimate for oil and condensate output for this year.

The Mahakam block is estimated to contain 11 trillion cubic feet of gas reserves.