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Medco launches production at Forel, Terubuk fields
President Prabowo Subianto presided over the launch of production at the Forel and Terubuk oil and gas fields in the South Natuna Sea off Riau Islands on May 16.
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Out to sea: The Oyong oil and gas rig is seen in the Sampang Block, located in the Madura Strait, off the coast of East Java. Medco took over the block from Ophir Energy in 2019 after Medco acquired Ophir. (SKK Migas/SKK Migas)
P
resident Prabowo Subianto has presided over the launch of production at the Forel and Terubuk oil and gas fields in the South Natuna Sea Block B, Riau Islands, on May 16.
The project, operated by Medco E&P Natuna Ltd., is valued at approximately US$600 million and will produce 20,000 barrels per day (bpd) of oil and 60 million standard cubic feet per day (mmscfd) of gas.
The Marlin Natuna floating, production, storage and offloading (FPSO) vessel used in the Forel project is the first Indonesian-built converted tanker.
President Prabowo emphasized that kicking off production at the Forel and Terubuk fields marks a critical milestone in Indonesia’s pursuit of self-sufficiency in energy supply, which was essential for the nation’s independence.
“We, the government and the people, are truly proud of this remarkable accomplishment. The inauguration of these two projects is the first in the upstream oil and gas sector under my administration,” he said in a statement issued on Friday.
Read also: Energy ministry approves Kuwaiti plan to develop Anambas Block
Djoko Siswanto, head of the Upstream Oil and Gas Regulatory Task Force (SKK Migas), commended the achievement.
