Governor of Indonesia’s central bank (Bank Indonesia) Agus Martowardojo said that there are two main global challenges that are being faced by Southeast Asia’s largest economy and which can impact
PT. Indonesia Project Logistics was at Power Logistics Asia Exhibition & Conference in Singapore for a period of two days, from 18 – 19 November 2014. This is the first
Jakarta (Platts), Indonesia’s 13 new oil and gas projects with a combined production capacity of 954,000 Mcf/d of gas and 194,121 b/d of oil and condensate are expected to start
Jakarta Post, The upstream oil and gas regulatory special task force SKKMigas approved the development plan for six new integrated offshore oil drilling platforms managed by the Pertamina Hulu Energi West Madura Offshore (PHE WMO) to boost its oil production capacity.
PHE production and operation director Kunto Wibisono said on Thursday that the development plan would be conducted on PHE-6/12, 7, 24, 29, 44, and 48 oil and gas drilling fields in the West Madura Offshore block.
Kunto said the six platforms would be developed using a minimalist model and integrated to ‘processing platform’ facilities.
“With a minimalist platform concept, the development of the six platforms will be more cost-efficient. SKKMigas considered the integrated development to have economic value so it was approved,” said Kunto as quoted by Antara news agency.
Following the approval, he said, PHE would hold a tender process for the development of the project.
“The development will take around nine months so that the project can hopefully increase the PHE WMO oil and gas production capacity at the beginning of 2015,” he added.
Currently, PHE WMO oil production capacity stands around 24,000 barrel per day (bpd) and its highest production reached 26,600 bpd in the beginning of August.
“Oil production at the WMO block natural decreases by as much as 50 percent per year, so drilling activities to find new oil reserves and increase the production are imperative,” said Kunto.
The current production capacity of the block was far higher than at the beginning of May 2011, which was only 11,550 bpd, he said. (ebf)
Jakarta (ANTARA News) – PT Pertamina Hulu Energi Offshore North West Java (PHE ONWJ) will start work to develop the GG gas field in the Java Sea with an investment of US$152 million (Rp1.67 trillion).
General Manager of the subsidiary of state oil and gas company PT Pertamina, Jonly Sinulingga said he had signed an engineering, procurement, construction and installation (EPCI) contract to mark the start of work.
“The signing took place this monring,” Jonly said here on Thursday.
Jonly said the offshore GG gas project, located 30 kilometers north Cirebon , West Java, includes construction of an offshore rig and an onshore processing facility (OPF) in Balongan, to be linked with a 35 kilometer undersea pipe.
“The GG field with three wells are expected to produce around 30 MMSCFD of gas,” he said.
After being processed at the OPF, the gas would be processed further by Pertamina to turn out liquefied petroleum gas (LPG).
The Balongan OPF will add to three onshore gas receiving facilities of PHE ONWJ – one each in Muara Karang, Tanjung Priok, and Cilamaya.
PHE ONWJ is the operator of ONWJ block over a concession of 8,300 sq. kilometers in the Java Sea extending between the sea off Cirebon and the Thousand Island off Jakarta.
Its production facilities include 670 wells, 170 offshore oil/gas rigs, 40 units of processing facility and around 1,600 kilometers of undersea pipelines.