Indonesian President Inaugurates 3 Upstream Oil And Gas Projects

abarrelfullabarrelfull wrote on 06 Jul 2012 10:46

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March 22, 2007

Presiden Susilo Bambang Yudhoyono on Wednesday (21/3) inaugurated energy and mineral resources projects worth US$6.2 billion. Among these, there are three upstream oil and gas projects.

The oil and gas upstream projects include Suban phase 2 gas processing plant in Corridor Block, South Sumatra, part of ConocoPhillips” concession area. The plant will enable the gas to supply increasing domestic demand.

The other two projects are Tunu and Tambora gas fields in Mahakam block in East Kalimantan, operated by Total E&P Indonesie.

Development of Tambora 2 field costs US$127 million. These facilities will be used to support the operations of 34 wells to be drilled between 2006-2009. The wells will cost US$277 million and employ 1,800 workers.

The project to develop Tunu-10 will cost US$107 million. These facilities will support the operations of 37 wells in the area, which will be drilled between 2006-2008. Total will spend US$219 million to drill the wells and employ 1,600 people.

All of the gas produced by the areas will be used to meet Total”s commitment to Bontang LNG plant. (***)

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