Project Profile
Value: Undisclosed
Location: Middle of the Kutei Basin, East Kalimantan, Indonesia
Reserves: Unknown
Area: 159 square miles (411 square kilometres)
Start-up Year: 2015
Dart Energy has been awarded the onshore Bontang Bengalon coalbed methane (CBM) block in East Kalimantan, Indonesia and the company is expecting to sign a production sharing contract (PSC) with the Indonesian government in the second week of October 2012. The block, sited in the middle of the Kutei Basin, spans an area of 159 square miles (411 square kilometres). It is divided into two areas: the southern part being located adjacent to the Bontang liquefied natural gas facility and the northern part adjacent to the Sangatta West PSC. Dart will be the operator of the block with full working interest. The PSC term will be for 30 years. In the initial three year exploration period, Dart intends to drill three core wells and one pilot well. Upon agreeing on the budget, Dart will be able to start its drilling program, likely in 3Q 2013. Dart intends to submit its plan of development (POD) for approval at the end of 2014 and it hopes to be able to start commercial production by 2015.
A POD is the approval that foreign operators require from BP Migas in order to move their CBM projects from the exploration into the development and commercial phase. The company considers the Bontang Bengalon block to be highly prospective, given the significant exploration and pilot appraisal work undertaken at the neighboring Sangatta West block, where CBM reserves and commercial viability have already been established.
On the 20th of May 2015 NuEnergy Gas LTD signed a conditional share purchase agreement for all of Dart energy (Indonesia) holdings Pte Ltd’s assets
Operators:
NuEnergy Gas: Operator with 100% interest