Project Profile
Value: US$100 million
Location: onshore South Sumatra, Indonesia
Start-up Year: April 2011
Process Capacity: 3,100 boe/d
The Jambi Merang project came onstream in April 2011, three months ahead of schedule, and produced 3,100 boe/d during the year. In October 2011, Talisman and its partners signed a swap agreement to enable gas from the Jambi Merang PSC to be sold under a gas sales agreement to PLN. Also in October 2011, Talisman and its partners signed an amendment to a gas sales agreement with PLN primarily to effect a price increase for gas produced under the Jambi Merang PSC from US$2.95/mmbtu to US$5.40/mmbtu.
The Jambi Merang Block consists of 2 fields, Sungai Kenawang and Pulai Gading.
Phase 1 (October, 2013)
• Principle customers are Chevron (at $10/mmbtu) and PLN (at $5.4/mmbtu)
• 2D & 3D seismic programs ongoing and further exploration wells scheduled
Phase 2 Expansion
• Project sanction expected early 2014
• Pre-sanction phase
- FEED underway
- Confirming additional reserves
• Facilities expansion project anticipated to deliver:
- Additional 60 mmscf/d of sales gas
- Up to 2 mboe/d of additional condensate
- LPG production of up to 8 mboe/d
- Robust regional gas market delivers sound economics
Operators:
Joint Operating Body Pertamina-Talisman Jambi Merang
Talisman Energy: Operator
Pertamina Hulu Energi
Contractors:
Singgar Mulia: FEED contract