Page 13 - AsianOil Week 47 2021
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AsianOil SOUTHEAST ASIA AsianOil
BUMD,” local media outlet Kontan quoted the averaged 160,646 barrels per day in the first
official as telling an industry event in Sumatra half of this year, shy of the government’s
on November 25. 2021 target of 165,000 bpd. SKK Migas has
Setyadi said 12 projects in Northern Sumatra said it wants the block’s production to aver-
alone were currently in the process of transfer- age 166,000 bpd in 2021, before climbing to
ring participating interests to BUMD – including 400,000 bpd by 2035.
the Rokan Block. The head of Riau Province’s Energy and Min-
Pertamina took control of Rokan from the eral Resources Office, Rudy H Saleh, said on
US super-major in August after a two-year November 25 that the local government hoped
transition period. The block’s production the stake transfer would progress smoothly.
EAST ASIA
Sinopec steps up gas
supplies to northern China
PROJECTS & CHINA’S state-owned Sinopec has stepped up
COMPANIES natural gas deliveries to the country’s north to
meet rising demand ahead of an anticipated
plunge in temperatures.
Sinopec has increased supplies by more than
10mn cubic metres per day to its northern con-
sumers, the company said on November 22.
Sinopec said it was running its fields at max-
imum capacity in order to meet demand and
pointed to production records set by its south-
west division as well as the Puguang gas field.
Southwest Petroleum Bureau has added
1.24bn cubic metres of production capacity this
year, allowing it to boost annual production to
more than 7 bcm for the first time. The volume
represented a 19.4% increase year on year.
The division has focused on boosting pro- exploration programmes and obtained high-
duction from mid- to shallow depths as well as yield gas flows from the Pulu 4 well’s production
at the Yuanba gas field in western Sichuan. It has test.
also sped up development of the Weirong and Sinopec’s announcement came after the
Yongchuan shale gas fields. China Meteorological Administration warned
Production from the Puguang field, mean- on November 21 that winds from Siberia would
while, has climbed to a new high of 26.55 mcm lead to heavy snowfall in the far north-east.
per day. Sinopec said it brought the Tongnanba The cold snap was expected to head further
project on stream two weeks ahead of schedule, south, with warnings that as much as two thirds
boosting production by 150,000 cubic metres of the country could face freezing temperatures
per day. within the coming days.
Commenting about Puguang mature reser- Sinopec moved to assuage concerns over
voirs, Sinopec said it had invested in technical supply issues, noting that it also had 1.79 bcm of
research in order to ensure stable production stored gas, before adding that it had secured 27.2
despite natural gas declines and the presence bcm of domestic and foreign gas supplies to meet
of sulphur. At the same time, it launched both winter and spring demand.
Week 47 26•November•2021 www. NEWSBASE .com P13
