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Indonesian regulator confirms
NuEnergy’s CBM discovery
INDONESIA INDONESIAN upstream regulator SKK Migas Sumatra, namely our Muralim PSC and the Tan-
has confirmed Australian-listed NuEnergy’s dis- jung Enim PSC.”
covery of gas at one of the company’s coal-bed Wang added: “The company is awaiting the
methane (CBM) projects in south Sumatra. Tanjung Enim POD approval which shall mark
NuEnergy, which is a unit of Malaysia’s the first grant of a POD for unconventional gas
Globaltec Formation, said on January 21 that in Indonesia.”
the regulator had both confirmed the discovery Although the confirmation of the discovery
in the Muara Enim production-sharing contract is good news for the company, NuEnergy has
(PSC) and had green-lit the preparation of a plan already been waiting almost three years for the
of development (POD) for submission within central government to approve a POD for the
three years starting from January 18. Tanjung Enim PSC. The company, which sub-
NuEnergy owns a 40% working interest in the mitted its development plan in April 2018, aims
587-square km PSC, which is located close to a to 209 wells across two areas in the north and
major transmission pipeline owned and oper- south of the PSC that cover 33 square km.
ated by state-owned Pertamina Gas (Pertagas). Production from the two areas, which are
The developer has drilled two core hole wells, estimated by the Indonesia Research and Devel-
two exploration wells as well as a production test opment Centre for Oil and Gas Technology
and dewatering bore on the licence. (LEMIGAS) to contain confirmed and certified
NuEnergy CEO Ian Wang said: “We are reserves totalling 164.89bn cubic feet (4.67bn
extremely enthusiastic with the issuance of cubic metres), will be exported via a new 24-km
the acknowledgement letter and note its close pipeline.
proximity to NuEnergy’s other assets in south
P8 www. NEWSBASE .com Week 05 03•February•2021
