Page 6 - AsianOil Week 30

AsianOil SOUTHEAST ASIA AsianOil

Indonesia and Ithaca Resources over a new the government is also encouraging invest-
coal-based syngas project in East Kaliman- ment in natural gas-fired petrochemical
tan. The US chemical company will invest facilities that will produce DME.
$2bn to build and operate the facility, while State-owned gas utility Perusahaan Gas
the two local firms will supply the feedstock Negara (PGN) announced at the start of the
and offtake production. The facility is also month that it intended to aimed to com-
expected to produce 1.4mn tpy of DME and plete a feasibility study with state refiner
should come on stream by 2024. Kilang Pertamina Indonesia (KPI) on a joint
Indonesia’s Bumi Resources also downstream facility between 2022 and 2023.
announce in January that it was considering Feedstock gas is expected to be supplied
the development of a $1bn coal gasification from projects in East Java, South Sumatra
plant. Beyond the coal-gasification space, and Kalimantan.™

Eni confirms Vietnamese gas discovery

PROJECTS & ITALIAN major Eni’s second exploration well was more than 100 metres thick. The first well,
COMPANIES on Block 114 offshore Vietnam has confirmed a drilled to a total depth of 3,606 metres, was plugged
significant natural gas and condensate discovery and abandoned before it reached its targeted depth
that was first announced in 2019. owing to technical issues.
Eni said on July 27 that the Ken Bau-2X Eni has a 50% operated stake in Block 114,
exploration well was drilled in 95 metres of water which is located in the Song Hong Basin, while
to a total depth of 3,658 metres below sea level. ESSAR E&P holds the remaining interest.
The well, which is located 2 km from Ken Bau The Italian developer said it would plug and
1X, encountered more than 110 metres of pay abandon the well. In addition to plans for addi-
in several intervals of Miocene sandstones inter- tional drilling and testing on the discovery, Eni
bedded with shale. said it also intends to conduct new drilling and
Eni, after conducting two mini drill stem seismic activity in the wider basin, where it owns
tests (DSTs) and acquiring fluid samples, esti- a 100% operated interest in the neighbouring
mates the Ken Bau accumulation holds 7-9 tril- Block 116.
lion cubic feet (198.24bn cubic metres) of gas Commenting on marketing options, Eni
in place and 400-500mn barrels of associated said Vietnam’s gas market had expanded rap-
condensate. idly thanks to consistent GDP growth and the
Eni said last July that the Ken Bau 1X well had development of gas-fired thermal power plants
also encountered several intervals of gas and con- (TPPs). The company said the Ken Bau discov-
densate sandstone interbedded with Miocene age ery could potentially provide a fast-track solu-
shale. It estimated at the time that the net reservoir tion to meet the increasing energy demand.™

P6 www. NEWSBASE .com Week 30 30•July•2020