Hard to get the correct reading from this but it does say that the Gas from the Wasambo field is ready to go and that the hold up is the LNG Plant. (which we already new)
EWC section in bold and underlined.
Special Unit of the Upstream Oil and Gas (SKK Migas) launch there are 17 investment projects upstream oil and gas which will begin operating this year. With the operation of the project investment, oil production is expected to achieve an additional 41 280 barrels per day and gas production 1308.2 MMSCFD.
Head of Public Relations of investment SKK Migas says Taslim Yunus, 17 oil and gas investment projects that consist of, a deep-sea project (Indonesian Deepwater Development / IDD) and 16 other oil and gas upstream projects. But, unfortunately, only four oil and gas investment projects of which have significant gas production figures.
First, field crickets IDD projects in the Work Area (WK). The project is predicted to generate up to 450 MMSCFD of gas have contributed most of all investment projects in the gas onstream this year.
"Production Crickets are still on schedule. In March, Floating Production Storage and Offloading (FPSO) will sail away (sailing) from Kepualuan Karimun to East Kalimantan and is expected to start producing investments around July, "said Taslim, Thursday (16/2).
Second, development of investment projects managed Madura BD Husky CNOOC Madura Ltd. with production to reach 110 MMSCFD, and third, the stopper field investment project by ConocoPhillips (Grissik) Ltd also expected to invest onstream this year with a production of 310 MMSCFD.
Fourth, SKG East Musi managed by PT Pertamina EP. The project is expected to produce gas production of 150 MMSCFD.
However, Taslim revealed, there will be an estimated investment projects backwards from the schedule should be, namely investment projects Walanga-Sampi Sampi-Bonge (Wasambo) at WK hyphens.
Projects that dioperatori by Energy Equity Epic (Sengkang) Pty Ltd (EEES) the investment is likely operational by the end of the year. This means, the operational investment projects with a production of 80 MMSCFD gas is retreating from the previous schedule, the first quarter of 2017.
"Project Wasambo retreated again, because of its downstream investment side. investment Liquefied natural gas (Liquefied Natural Gas / LNG) right there in the downstream instead of upstream.From the upstream side, they seem ready, "he said.
Taslim said, LNG is to be made by EEES in Wasambo capacity of 1 million metric tons per annum (MTPA). However, he was reluctant to mention the gas allocation purposes.
He said, SKK Migas will focus on development projects of significant oil and gas investment in advance, such as the project Crickets. "Due to a large influence of national production," said Taslim.
EWC Price at posting:
43.0¢ Sentiment: Hold Disclosure: Held
(20min delay)
