Project Profile
Location: Natuna Sea, Indonesia
Water Depth: 300 ft (91m)
Production: 20,000 bpd of crude oil, 5.58 mcm per day of sales gas and 6,000 bpd of LPG (2016)
Start-up year: 1979
The PSC was awarded in 1968, and first production came on line in 1979. The PSC is scheduled to expire in 2028. The block is in approximately 300 feet of water and has 11 offshore platforms, four producing subsea fields, and one FPSO, the Belanak FPSO, in addition to two dedicated floating storage and offloading vessels. The infrastructure supports three producing oil fields, as well as 16 natural gas fields in various phases of development. Currently eight gas fields are in production, of which five have associated recoverable oil or condensate volumes. The fields include the Belanak Oil And Gas Field, South Belut Gas Field, Hiu Gas, Kerisi Oil and Gas, North Belut Gas Field and Bawal Gas fields. Natural gas is sold to Singapore and Malaysia through two long-term contracts via the West Natuna Transportation System Gas Pipeline. The South Natuna Sea Block B is 40% owned by ConocoPhillips, and other participants include Chevron with 25%, and Japan\'s Inpex with 35%.
Medco Energi Internasional acquired ConocoPhillips Indonesia Inc. and ConocoPhillips Singapore Operations Pte. , which makes it the new Operator of the block. (September, 2016)
Operators:
Medco Energi: Operator with 75% interest
Chevron: 25% interest
Contractors:
JGC: Design, procurement, construction, and start-up assistance services for Floating Production Storage and Offloading (FPSO) facilities, flexible risers, and subsea cables
PT Timas: Bawal Pipeline
Subcontractors: