Upstream oil and gas opportunity sanga-sanga psc


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UPSTREAM OIL AND GAS OPPORTUNITY

SANGA-SANGA PSC

The Balikpapan formation is the best source rock  

in the Kutai Basin due to the high content of organic 

material. Sanga-Sanga Block now with six natural 

treatments fields and two of EOR fields.

FEBRUARY 2017


2

UPSTREAM OIL AND GAS OPPORTUNITY



CONTENTS

Current Status 

4

Summary and key issues 



6

Participation 11

Exploration 

12

Reserves and resources 



19

Production 

20

Production Profiles 



23

Legal Disclaimer 

30

Farm-in Contact 



31

6

UPSTREAM OIL AND GAS OPPORTUNITY



SUMMARY

The Sanga-sanga PSC accommodates one of the largest fields in Kutai 

Basin containing a largest oil and gas discoveries since 1972. Kutai 

Basin constitute the largest Tertiary Basin in Western Indonesia having 

significant contribution in energy production in the world. The PSC 

comprises of eight fields, over 600 wells, 4 main gathering centers and 

600 miles of pipeline, also has successfully six year of work commitment 

for government. Fields in the Sanga-Sanga block are Badak, Nilam, 

Pamaguan, Semberah, Mutiara, Beras, Sanga-sanga and Samboja. 

Production of oil and natural gas fields generated are processed in four 

production station. The first production station is built Badak (1972), 

followed by Nilam (1982), Mutiara (1990) and Semberah (1991).



SUMMARY AND KEY ISSUES

11

SANGA-SANGA PSC

The Sanga-sanga PSC was awarded in August 1968 and a 20 year license 

extension was granted in April 1990 to take effect from August 1998. In 

addition, in November 2009, VICO singed a CBM Sanga-sanga PSC with a 

30 year license term.

In 1999 BP entered the Sanga-sanga PSC through the acquisition of 

ARCO, and ENI in 2001 through the acquisition of LASMO, with each 

company holding a 50% interest in the joint venture and a 37.8% working 

interest in the license. Additional partners are OPIC Oil (a Houston based 

subsidiary of Taiwan’s CPC) with 20% and Universe Oil & Gas (a Japanese 

consortium including Japex and the Osaka Gas Group) with 4.4% working 

interest. In 2009 the Sanga-sanga partners were granted an additional 

PSC for CBM with the same partner working interests. In present day, 

the shareholders of this block consists of BP East Kalimantan/PGN? 

26.25%, Lasmo Sanga-sanga 26.25%, Virginia Indonesia Co. LLC 7.5%, 

OPICOIL Houston Inc 20%, Universe Gas & Oil Company 4.37%, Virginia 

International Co LLC 15.63%.



PARTICIPATION

COMPANY

(%)

BP/PGN?


26.25

ENI


26.25

Virginia Indonesia Co LLC

7.5

CPC Opic Oil Houston, Inc.



20

Universe Gas and Oil Company Inc

4.37

Virginia International Co LLC



15.63

Total


100

20

UPSTREAM OIL AND GAS OPPORTUNITY

Under the Conventional PSC, VICO is responsible for oil & gas production 

from wells in four major fields, Badak, Semberah, Nilam, Mutiara. Oil and 

gas is comingled at satellite facilities and then fed to central facilities in 

each field where the hydrocarbons are further processed. The treated gas 

is delivered to the Badak Export Manifold (BEM). From BEM, the gas is 

distributed via 4-major export pipelines to the Bontang LNG plant and to 

the EK Industrial Estate. 

ESDM record crude oil production of Sanga-sanga PSC in 2015 reached 

3,948,606 barrels, with daily production reached 10.818 BOPD, while 

condensate production reached 1,736,738 barrels, with daily production 



reached 4.758 BOPD.

PRODUCTION



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