Page 8 - AsianOil Week 47 2022

AsianOil SOUTHEAST ASIA AsianOil

Harbour seeks FPSO for Tuna

gas field off Indonesia

PIPELINES & HARBOUR Energy has launched a tender for Zarubezhneft, aim to take a final investment
TRANSPORT a floating production storage and offloading decision (FID) in the first half of next year, with
(FPSO) unit for the Tuna oil and gas field off the a view to launching production in 2026. They
Tuna will supply the coast of Indonesia in the Natuna Sea. earlier carried out an appraisal campaign at the
Vietnamese gas market. Premier Oil, now a Harbour subsidiary, is field in 2021.
seeking both the FPSO and front-end engi- The field is thought to contain over 100mn
neering and design (FEED) services for the barrels of oil equivalent, with peak production
project. anticipated at 40,000-50,000 boepd, of which
“Premier Oil Tuna BV is looking for qualified 55% will be gas and 45% liquids. Total capital
and experienced contractors to perform FEED expenditure and operating expenditure are
and a leased and operated FPSO (charter party expected to be $20-22/boe over the project’s
contract) for the Tuna PSC,” Harbour said in a lifetime. That means the project should be
tender announcement. “The charter party con- extremely profitable at today’s prices.
tract will cover all activities related to the com- Harbour is understood to be negotiating a
plete lifecycle of the FPSO, including without contract to deliver gas from Tuna to Vietnam,
limitation, the detailed design, procurement, helping the country phase out more coal and
fabrication, integration, installation, commis- support domestic industries with increased
sioning, operation and eventual decommission- energy security. That plan would involve using a
ing of the FPSO.” new cross-border pipeline, linking Tuna with the
The planned FPSO will have a processing existing Nam Con Son pipeline system in Viet-
capacity of 135mn cubic feet (3.82mn cubic nam. While Indonesia is anxious to obtain more
metres) per day of gas and 30,000 barrels per day gas itself, Tuna is far-removed from that market’s
(bpd) of liquids. infrastructure, but lies a mere 15 km from the
Harbour and its Russian partner at Tuna, maritime border with Vietnam. ™

Indonesia set to decommission

first offshore platform

PIPELINES & INDONESIA’S Pertamina has decommissioned The decommissioning of these facilities has
TRANSPORT the country’s first offshore oil and gas platform, stalled because of a lack of legislative guidance
in co-operation with South Korean partners. and clarity in Indonesia. But SKK Migas is now
The Asia-Pacific Upstream regulator SKK Migas reported that looking to address this problem.
decommissioning the platform, formerly operated by Chevron at If the Asian-Pacific decommissioning market
market has big the East Kalimantan-Attaka block off the coast of can kick off in earnest, it could provide a lucra-
potential. Balikpapan, would be decommissioned under a tive opportunity. More than 200 offshore are
government-to-government partnership agree- predicted to cease production by the end of the
ment between Indonesia and South Korea. decade, with the decommissioning costs set to
Pertamina worked on the rigs-to-reef project run into the tens of billions of dollars. ™
with a South Korean consortium led by KHAN
Offshore. Other South Korean participants
included Rovostech, ZEN, Samin SMT, KOC,
JD Engineering, BMI, Ocean Wide, CIIZ, Korea
Aquatic Life Institute and Neo-Max.
SKK Migas has been working with other gov-
ernment institutions on decommissioning pro-
jects, bringing together Indonesian and South
Korean partners. As Southeast Asia’s biggest oil
and gas producer, Indonesia currently hosts 634
platforms, of which over 500 are still used and
at least 100 are offline and awaiting dismantling.

P8 www. NEWSBASE .com Week 47 28•November•2022