The Sanga-sanga PSC
The Sanga-Sanga PSC accommodates one of the largest fields in the Kutai Basin, where there have been large oil and gas discoveries since 1972. Kutai Basin is the largest tertiary basin in Western Indonesia, and makes a significant contribution to global energy production. The PSC comprises eight fields, more than 600 wells, four main collecting centers and 600 miles of pipeline. It has also committed six yearsof
Work for the government. Fields in the Sanga-Sanga Block are Badak, Nilam, Pamaguan, Semberah, Mutiara, Beras, Sanga-Sanga and Samboja. Oil and natural gas production from the fields is processed in four production stations. The first production station to be developed was Badak (1972), followed by Nilam (1982), Mutiara (1990) and Semberah (1991).
The company cut back on drilling new wells by 70 percent in 2016. Under the company’s 2016 work plan and budget (WP&B), VICO Indonesia was to have drilled 40 new wells. However, only 12 new wells were actually drilled. No further drilling work is planned before the contract expires in 2018.
As a consequence of the oil price drop, a slight reduction in development drilling is expected. However, as the license is due to expire in 2018, the operator will look to maximize recovery of remaining reserves.
- Published 1 April 2017
- This report will contain information on :
- Key Issue associated with the Sanga-sanga PSC
- Participation Interest
- Exploration history
- Historical oil and gas production
- This report includes 1 pdf file.
- 20 pages