Harbour looks to confirm commerciality at potentially giant Indonesian gas discovery

[Indos]

Indonesia to offer 10 oil and gas blocks in 2023, including in South China Sea​

• Monday, 30 Jan 2023
  9:23 PM MYT

JAKARTA, Jan 30 (Reuters): Indonesia plans to offer 10 oil and gas working areas this year, including a block in the South China Sea, amid efforts to boost energy production and make new discoveries, a senior energy ministry official said on Monday.

In 2022, Indonesia auctioned 13 oil and gas fields and has appointed contractors for six of them.

The country is aiming to reach crude oil lifting of 1 million barrels per day (bpd) and gas lifting of 12,000 million standard cubic feet per day (mmscfd) by 2030. Last year, it missed its oil and gas lifting target amid delays in projects and unexpected shutdowns.

Among the oil and gas fields Indonesia plans to offer this year are working areas in Natuna D Alpha, which are giant gas fields situated in the South China Sea, energy ministry official Tutuka Ariadji told reporters.


"Hopefully this year, in May, we would be ready to launch the offering. We also need to gauge the interest for this Natuna block before we open this to public offering," he said.

Last year, Indonesia approved development plan for US$3 billion Natuna gas field in South China Sea.

Tutuka also hoped stalled gas mega-projects such as Indonesia Deepwater Development (IDD) and Masela could soon be resumed.

Oil giant Cheveron is close to reaching a deal with an investor to transfer its stake in IDD, according to upstream oil and gas regulator SKK Migas.

Tutuka last week declined to disclose details of the discussion on IDD stake.

Meanwhile, Indonesian state oil and gas Pertamina is still negotiating with Shell to potentially take over its partnership in the Masela project. - Reuters

Indonesia to offer 10 oil and gas blocks in 2023, including in South China Sea

Indonesia plans to offer 10 oil and gas working areas this year, including a block in the South China Sea, amid efforts to boost energy production and make new discoveries, a senior energy ministry official said on Monday.

www.thestar.com.my

 

[Indos]

Tangguh Train 3 Will Increase Tangguh LNG project Contribution into 35% of National Gas Production​

The oil and gas project in Bintuni Bay, West Papua, operated by British Petroleum (BP), will account for about 35 percent of national gas production. By the end of this year, BP will operate Tangguh Train 3. © Annisa Ayu Artanti


News from Annisa ayu artanti
•9h ago


Jakarta: The oil and gas project in Bintuni Bay, West Papua, operated by British company British Petroleum (BP), will account for about 35 percent of national gas production. By the end of this year, BP will operate Tangguh Train 3.

Deputy for Maritime Sovereignty and Energy Coordination of the Coordinating Ministry for Maritime Affairs and Investment (Kemenko Marves) and Supervisory Board of the Indonesia Carbon Capture and Storage Center (ICCSC) Jodi Mahardi explained that BP has been a strategic partner of Indonesia for more than 55 years.

In West Papua, BP through Tangguh Train I and II is said to have contributed 20 percent of national gas production by posting a total investment of USD10 billion or around Rp152 trillion (exchange rate Rp15,184) and sending more than 1,500 cargoes.

"When Tangguh Train III is operational, the business of the three Tangguh refineries will contribute around 35 percent of national production," Jodi said as reported by Media Indonesia, Thursday, August 10, 2023.


The Indonesian government and ICCSC, Jodi said, support investors' efforts to maintain the sustainability of domestic gas supply and pursue emission reduction targets.
BP Indonesia is preparing a carbon capture, utilization and storage (CCUS) facility at the Tangguh project.

For the initial phase, the company plans to inject more than 30 million tons of CO2 back into the reservoir to increase gas production by 400 billion cubic feet (Bcf) daily through Enhanced Gas Recovery (EGR) technology.

"Tangguh CCUS will be the first large-scale CCUS project with EGR in the world with a storage capacity of around 1.8 giga tons of CO2 (GtCO2)," Jodi said.

The subordinate of Coordinating Minister Marves Luhut Binsar Pandjaitan encouraged strong cooperation between the government and upstream oil and gas industry players for the sustainability of sustainable energy supply, providing carbon solutions to various industries, and opening jobs as a new industry.

"This collaboration is key in achieving emission reduction targets and providing a multiplier effect for the country in terms of economic growth and sustainability," said Jodi.

MSN

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