Page 17 - Oil&Gas-AustralAsia-2015-Issue-4
P. 17
I NDONESIA
The company has had success at its preliminary results from Bunian-4 predominantly from the 2.8 metres of
Bunian-3 well despite being limited indicated the well intersected 5.2 metres net pay intersected in the TRM3 Sand in
by facility constraints with production of net pay in the TRM3 Sandstone, up to Bunian-1.
increasing to 785 barrels per day (bopd). 17 metres high. The Australian listed company has plans
By end of 2016 Cooper Energy plans to The company has had success at its for two drilling campaigns in Sumatra
debottleneck facilities and increase pro- Bunian-3 well despite being limited in the Sumbagsel and Merangin III pro-
duction in stages up to 1,200 bopd then by facility constraints with production duction sharing contracts (PSCs) before
to 2,000 – 3,000 bopd. increasing to 785 barrels per day (bopd). the end of the year. The large exploration
The Bunian structure being targeted By end of 2016 Cooper Energy plans to prospects are considered highly pro-
by Cooper Energy is a four-way fault debottleneck facilities and increase pro- spective by Cooper Energy who hold
bounded anticline defined by the 2011 duction in stages up to 1,200 bopd then 100per cent interest in both PSCs that
Sukananti 3D seismic survey. The field to 2,000 – 3,000 bopd. are subject to a farm-out process.
was discovered in 1998 and has pro- The Bunian structure being targeted Joint Venture participants in the Tan-
duced over one million barrels of oil, by Cooper Energy is a four-way fault gai-Sukananti KSO are Cooper Energy
predominantly from the 2.8 metres of bounded anticline defined by the 2011 Sukananti Limited (Operator 55 per
net pay intersected in the TRM3 Sand in Sukananti 3D seismic survey. The field cent) and Mega Adhyaksa Pratama
Bunian-1. was discovered in 1998 and has pro- Sukananti Limited (45 per cent). §
In August Cooper Energy announced duced over one million barrels of oil,
South Sumatran Basin study
includes power station investigation
By Marie RYAN
Jakarta based oil and gas producer and studies which are progressing very prices in the world,” CEB said.
explorer PT Akar Golindo (PTAG) and well,” Mr Whitby said. “Similarly, the demand for electricity
CEB Resources have announced they According to the CEB market statement continues to rise sharply with the coun-
will undertake a technical study of the the studies will investigate options such try’s electricity provider PLN setting
gas production potential of the Tuba as selling any produced gas directly to the ambitious goal of increasing supply
Obi East Technical Assistance Contract Singapore, to local projects or other by some 35,000MW over the next four
(TAC), along with surrounding unde- buyers via a major transmission gas years. With only 9,000MW having been
veloped gas discoveries in the Tuba Obi pipeline located about 12 kilometres firmed up thus far, CEB believes that
East oil and gas concession in the South away. investment in this sector is particularly
Sumatran Basin. The study will also look at the op- attractive.”
The evaluation program plans to portunity to monetise the gas via the Indonesia has one of the lowest electri-
provide a detailed assessment of construction and operation of an in- fication rates in the region and is also
potential opportunities in the region. dependent power plant in order to sell one of Southeast Asia’s biggest econo-
Initial screening and evaluation by the electricity into the Sumatran power grid mies. Domestic energy consumption
contract partners identified multiple “CEB sees the gas and power market in alone has risen by more than 50 per
oil and gas discoveries and leads within Indonesia as an opportunity that should cent over the past decade on the back of
the block and the potential for ongoing form part of its long-term balanced as- an emerging consumer class.
production via existing facilities. set portfolio,” CEB said in a statement. Government policy have placed targets
Managing Director of CEB’s David “Importantly the gas price is independ- on increasing production and supply
Whitby said the signing of the Tuba ent of the oil price. This was demon- in response to power shortages and
Obi East study agreement is instrumen- strated in January this year when a forecasts suggesting that between 2009
tal in the realisation of our long-term Sumatran gas project secured a long- and 2019, national electricity demand
strategy, representing a beach head into term gas sales contract at US$9.45 per will increase by an average 9 per cent
the attractive Indonesian gas and power Million British Thermal Units (MMB- per year and reach 328.3 terawatt hours
markets. TU), which is amongst the highest gas in 2020.§
“This initiative complements our oil
A Awww.oilandgasaustralasia.com SEPTEMBER/OCTOBER 2015 OIL & GAS ustral SIA 15
The company has had success at its preliminary results from Bunian-4 predominantly from the 2.8 metres of
Bunian-3 well despite being limited indicated the well intersected 5.2 metres net pay intersected in the TRM3 Sand in
by facility constraints with production of net pay in the TRM3 Sandstone, up to Bunian-1.
increasing to 785 barrels per day (bopd). 17 metres high. The Australian listed company has plans
By end of 2016 Cooper Energy plans to The company has had success at its for two drilling campaigns in Sumatra
debottleneck facilities and increase pro- Bunian-3 well despite being limited in the Sumbagsel and Merangin III pro-
duction in stages up to 1,200 bopd then by facility constraints with production duction sharing contracts (PSCs) before
to 2,000 – 3,000 bopd. increasing to 785 barrels per day (bopd). the end of the year. The large exploration
The Bunian structure being targeted By end of 2016 Cooper Energy plans to prospects are considered highly pro-
by Cooper Energy is a four-way fault debottleneck facilities and increase pro- spective by Cooper Energy who hold
bounded anticline defined by the 2011 duction in stages up to 1,200 bopd then 100per cent interest in both PSCs that
Sukananti 3D seismic survey. The field to 2,000 – 3,000 bopd. are subject to a farm-out process.
was discovered in 1998 and has pro- The Bunian structure being targeted Joint Venture participants in the Tan-
duced over one million barrels of oil, by Cooper Energy is a four-way fault gai-Sukananti KSO are Cooper Energy
predominantly from the 2.8 metres of bounded anticline defined by the 2011 Sukananti Limited (Operator 55 per
net pay intersected in the TRM3 Sand in Sukananti 3D seismic survey. The field cent) and Mega Adhyaksa Pratama
Bunian-1. was discovered in 1998 and has pro- Sukananti Limited (45 per cent). §
In August Cooper Energy announced duced over one million barrels of oil,
South Sumatran Basin study
includes power station investigation
By Marie RYAN
Jakarta based oil and gas producer and studies which are progressing very prices in the world,” CEB said.
explorer PT Akar Golindo (PTAG) and well,” Mr Whitby said. “Similarly, the demand for electricity
CEB Resources have announced they According to the CEB market statement continues to rise sharply with the coun-
will undertake a technical study of the the studies will investigate options such try’s electricity provider PLN setting
gas production potential of the Tuba as selling any produced gas directly to the ambitious goal of increasing supply
Obi East Technical Assistance Contract Singapore, to local projects or other by some 35,000MW over the next four
(TAC), along with surrounding unde- buyers via a major transmission gas years. With only 9,000MW having been
veloped gas discoveries in the Tuba Obi pipeline located about 12 kilometres firmed up thus far, CEB believes that
East oil and gas concession in the South away. investment in this sector is particularly
Sumatran Basin. The study will also look at the op- attractive.”
The evaluation program plans to portunity to monetise the gas via the Indonesia has one of the lowest electri-
provide a detailed assessment of construction and operation of an in- fication rates in the region and is also
potential opportunities in the region. dependent power plant in order to sell one of Southeast Asia’s biggest econo-
Initial screening and evaluation by the electricity into the Sumatran power grid mies. Domestic energy consumption
contract partners identified multiple “CEB sees the gas and power market in alone has risen by more than 50 per
oil and gas discoveries and leads within Indonesia as an opportunity that should cent over the past decade on the back of
the block and the potential for ongoing form part of its long-term balanced as- an emerging consumer class.
production via existing facilities. set portfolio,” CEB said in a statement. Government policy have placed targets
Managing Director of CEB’s David “Importantly the gas price is independ- on increasing production and supply
Whitby said the signing of the Tuba ent of the oil price. This was demon- in response to power shortages and
Obi East study agreement is instrumen- strated in January this year when a forecasts suggesting that between 2009
tal in the realisation of our long-term Sumatran gas project secured a long- and 2019, national electricity demand
strategy, representing a beach head into term gas sales contract at US$9.45 per will increase by an average 9 per cent
the attractive Indonesian gas and power Million British Thermal Units (MMB- per year and reach 328.3 terawatt hours
markets. TU), which is amongst the highest gas in 2020.§
“This initiative complements our oil
A Awww.oilandgasaustralasia.com SEPTEMBER/OCTOBER 2015 OIL & GAS ustral SIA 15
