Gulf Oil and Gas accountACCOUNT

Gendalo-Gehem Gas Project to Start Production in 2014

Source: Reuters 2/23/2011, Location: Asia

Share |
Chevron's Corp's Gendalo-Gehem deepwater gas project in Indonesia will start initial production in the third quarter of 2014 with 120 million standard cubic feet per day (mmscfd), Indonesia's energy watchdog said.

Initial production will come from the Bangka gas field, one of five in the project in the Makassar Strait, before the other fields start in 2016 for gas output of 1,120 mmscfd and oil condensate production of 55,000 barrels per day.

"We expect the project to be onstream by 2014," R. Priyono, chairman of Indonesia's oil and gas watchdog BPMigas, told reporters on the sidelines of a gas conference in Jakarta.

The project has been expected to produce up to 1,100 mmscfd and 31,000 barrels of condensate per day.

Chevron said in December that it had awarded the first design contracts to Technip SA's Indonesia unit for the floating production units and to Worleyparsons Ltd's Indonesian unit for the subsea and flowline systems.

It also said China's Sinopec would buy a minority stake, without giving details. Chevron owned 80 percent of the project, with the rest held by Italy's Eni and Indonesia state oil and gas company Pertamina.

Indonesia, the world's third-largest LNG exporter behind Qatar and Malaysia, is seeking non-oil energy sources such as natural gas and coal to meet rising domestic demand for power and to reduce consumption of crude oil as its reserves decline.

It is seeking more foreign investment but corruption, inadequate infrastructure and policy flip-flops have been deterrents to attracting interest in long-term projects.

Indonesia has far more gas than oil but has limited supplies for its own use due to long-term LNG export commitments. Its exports of LNG will fall to 362 cargoes this year from 427 in 2010.

Production News in Indonesia >>

Russia >>  9/29/2016 - Russia's Pacific island of Sakhalin is expected to increase oil production by 8 percent in 2016 from a year ago, a regional official said, which would...
Iran >>  9/28/2016 - According to Managing Director of Karoun Oil & Gas Producing Company (KOGPC), by the end of first half of the current Iranian calendar year, 1.2 milli...

Libya >>  9/28/2016 - Libya, struggling to revive its energy industry after five years of armed conflict, restarted production at an eastern oil field and was poised to exp...
Kazakhstan >>  9/27/2016 - Condor Petroleum commenced commercial oil production at the Shoba oil field in Kazakhstan on September 18, 2016. Current stabilized production is exce...

Norway >>  9/27/2016 - Eni Norge resumed production on the Goliat field early Tuesday morning. Production was halted on August 26th caused by gas detection in an unwanted ar...
Trinidad and Tobago >>  9/27/2016 - LGO is pleased to announce that stable production has been established from a new oil pay interval in well GY-668, the fifth of its planned heavy work...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Indonesia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 |

More News

 

Oil & Gas Companies in Indonesia >>


Related Links

AZ BD BN CN GE HK ID IN IR JP KR KZ MM MN MY PG PH PK RU SG TH TJ TM TW UA UZ VN
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.