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Jakarta Post

Government hopes to expedite East Natuna oil block development

  • Fedina S. Sundaryani

    The Jakarta Post

Jakarta   /   Tue, July 19 2016   /  09:00 am

The government hopes to start producing oil from the East Natuna block in the next three years, while a consortium continues to study potential gas production from the field, which boasts the largest gas reserve in Asia.

The government has continuously expressed its desire to develop the oil and gas field located in the Natuna Islands, Riau Islands province as it has proven reserves of 46 trillion cubic feet (tcf). However, studies have shown that the high concentration of carbon dioxide ( CO2 ) in the oil and gas field has proven difficult for gas production plans to move forward.

In the meantime, an official from the Energy and Minerals Resources Ministry said on Monday that the government had asked a consortium consisting of state-owned oil and gas company Pertamina, US-based ExxonMobil and Thailand’s PTT Exploration and Production (PTT EP) to consider wells to produ...