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Harbour targets Tuna FID in 2023

Harbour Energy is aiming to sanction development of its Tuna discovery offshore

Indonesia in 2023, with first production planned for 2026

PROJECTS & UK-BASED independent Harbour Energy is business, Stuart Wheaton, said that the company
COMPANIES moving forward with plans to develop its Tuna had drilled two step-out appraisal wells during
offshore discovery in Indonesia’s Natuna Sea. its campaign in the Natuna Sea this year. Har-
WHAT: The company provided details of its plans at its bour, which operates under the name Premier
UK-based Harbour Energy capital markets day last week, with Indonesian Oil in Indonesia, also completed extensive data
is targeting an FID on regulator SKKMigas also acknowledging moves acquisition during the campaign and performed
Tuna offshore Indonesia to advance the development of Tuna. flow tests on the wells.
in the first half of 2023. The project could run into roadblocks in the “The well tests have proved economic flow
form of regional tensions between Indonesia rates,” Wheaton said. The wells, Singa Laut-2
WHY: and China, both of which claim the waters in and Kuda Laut-2, achieved gas flow rates of
The plan follows a which the discovery is located. Indeed, Beijing 25mn cubic feet (708,000 cubic metres) per day
successful appraisal reportedly went as far as to tell Indonesia to stop and 10 mmcf (283,200 cubic metres) per day.
drilling campaign in the drilling at the Tuna block earlier this year, on The oil test resulted in a rate of over 3,000 barrels
Natuna Sea. the grounds that the activity was taking place in per day (bpd).
Chinese waters. The Indonesian authorities did “Importantly, we also saw high condensate
WHAT NEXT: not acquiesce, according to Reuters, maintain- yields in the wet gas test – higher than expected,”
Development of the block ing that the waters where the work was taking said Wheaton, adding that those were about two
could be complicated place belong to their country. times higher than shown by the fluid samples
by a dispute between The drilling was completed on time, and from the exploration wells of 2014.
Indonesia and China, the rig left for Malaysian waters on November “As a result of this positive appraisal pro-
which both claim the 19. However, while China’s demand has been gramme, our initial view is that there is likely
waters in that region. described as “unprecedented”, the incident sug- an economic project to be developed at Tuna,”
gests that further disputes are likely if Tuna pro- Wheaton said.
ceeds to development. The company estimates that the project
would have a breakeven price of less than $25
Positive results per barrel of oil equivalent (boe). It envisages
Speaking in a recording for Harbour’s capital selling dry gas from Tuna to Vietnam, while
markets day, the company’s head of international liquids, including condensate and some black

P6 www. NEWSBASE .com Week 50 17•December•2021