BLBG:Indonesia Expects Chevron Gas Field to Start in 2015
Chevron Corp. (CVX)’s deep sea natural gas project off East Kalimantan may start production in 2015, Indonesia’s oil and gas regulator BPMigas said.
The project’s Bangka well will begin in the first quarter of 2015, the regulator said in a Dec. 16 presentation. Rudi Rubiandini, deputy of operations at BPMigas, confirmed the date. The site is expected to have peak production of 110 million cubic feet a day, according to Gde Pradnyana, a BPMigas spokesman.
Bangka is one of three sections in Chevron’s Indonesia Deepwater Development, the BPMigas data showed. The Gendalo hub, consisting of three natural gas fields, is scheduled to start production in the fourth quarter of 2016, the regulator said. The final area, Gehem, will begin flowing in the second quarter of 2017.
“Its peak output can reach as much as 1 billion cubic feet which may be achieved in 2017 to 2018,” Pradnyana said.
Chevron said it doesn’t comment on project time lines or production forecasts, according to an e-mail from a spokesman based in Singapore. The company is “continuing to advance the Gendalo-Gehem and Bangka projects through the design phase,” he said in a statement.
Natural gas produced from the Gendalo-Gehem hubs will be used inside Indonesia and supplied to Bontang liquefied natural gas facility for export, the San Ramon-based Chevron said in a December 2010 statement on its website.
To contact the reporters on this story: Fitri Wulandari in Jakarta at fwulandari@bloomberg.net; Eko Listiyorini in Jakarta at elistiyorini@bloomberg.net
To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net
