Page 7 - AsianOil Week 23 2021

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Banyu Urip’s central processing facility (CPF).
Image: ExxonMobil

“The realisation of reserves and production in 2020 and $2.9 per barrel in 2019. Banyu
of the Cepu Block underscores the fact that the Urip’s facilities include three wellpads with
potential for oil and gas reserves in Indonesia is 29 production wells and 16 injection wells, as
still promising. Currently, SKK Migas continues well as a single production well in the Kedung
to engage with ExxonMobil and its Cepu Block Keris field.
partners to discuss various initiatives to man- Kedung Keris was the partners’ second oil
age the decline in production that has begun to discovery on Cepu, with the field developed to
occur, including exploring new opportunities in produce oil via Banyu Urip’s central process-
the block,” the official said. ing facility (CPF). The CPF is located about 10
Cepu’s production costs are reportedly km south-east of Cepu and 20 km south-west
around $4.5 per barrel, up from $1.9 per barrel of Bojonegoro.™

Eni strikes gas in Indonesia’s deep waters

PROJECTS & ITALIAN major Eni has announced the discov- Eni announced on April 26 that it had begun
COMPANIES ery of natural gas at its deepwater West Ganal producing gas from Merakes, which is located
block offshore Indonesia. in the East Sepinggan block, with the field also
The company said on June 7 that the Maha-2 tied back to the Jangkrik FPU. The Italian major
exploration well, which lies in 1,115 metres of noted at the time that using the Jangkrik facil-
water, had encountered 43 metres of gas-bearing ity meant it could optimise the FPU’s 750 mmcf
net sands with excellent reservoir characteristics (21.24 mcm) per day of production capacity.
in Pliocene Age levels. Merakes, meanwhile, has a guaranteed pro-
The well was spudded on April 16 and duction capacity of 450mn cubic feet (12.74mn
reached a final depth of 2,970 metres on May cubic metres) per day.
12, with a limited production test recording Upstream regulator SKK Migas said on June 8
gas flows of 33.9mn cubic feet (960,000 cubic that it expected the Maha field’s plan of develop-
metres) per day. ment (PoD) to be carried out in 2022.
Eni said: “Through the test and the coring The joint venture will prepare a PoD with
of the reservoir, important data have been col- a view to carrying it out in the second to third
lected to perform all the studies required for the quarter of 2022, local news outlet Kontan quoted
preparation of a field development plan for the SKK Migas head Dwi Soetjipto as saying at the
Maha field, where two other appraisal wells are inauguration of Merakes. Soetjipto added that
planned to be drilled.” the goal was to bring Maha on stream in the third
Eni operates the block with a 40% stake, while quarter of 2024.
state-owned Pertamina and Neptune Energy Commenting on the Maha discovery, Per-
each own 30%. tamina said the find would help the country
Eni expects to tie the field back to the float- reach the government’s 2030 production target
ing production unit (FPU) at its Jangkrik field, of 1mn barrels per day (bpd) of oil and 12.3 bcf
which is located in the Muara Bakau block and (348.34 mcm) per day of gas.
16 km north-west of Maha. The FPU produces The discovery is Pertamina subsidiary Per-
gas from 10 subsea wells on Jangkrik field and tamina Hulu Indonesia’s (PHI) first of the year.
has been connected to another five on the Mer- PHI produced 51,900 bpd of oil last year as well
akes field. as 728 mmcf (20.62 mcm) per day of gas.™

Week 23 10•June•2021 www. NEWSBASE .com P7