Project Profile
Value: US$20-40 billion
Location: East Natuna
Recoverable reserves: 46 tcf (1.3 tcm)
Area: 310 square km
Discovery year: 1973 by Agip
Start-up Year: 2019
The project may see the possibility of up to 16 platforms being required. The project will include a 2,000 km pipeline from Natuna to PTTEP\'s infrastructure in the Gulf of Thailand. The block contains more than 220 trillion cubic feet (tcf) of gas, but a high CO2 content (70%) makes it difficult to extract, and only 46 tcf is thought to be commercially recoverable.
Pertamina planned to sign a PSC to develop the giant East Natuna block with Exxon Mobil Corp. and Thailand\'s PTT Exploration and Production Pcl (PTTEP) by September 2016 in order to bring the field into operations by 2019. ExxonMobil withdrew from the project in July 2018.
Operators:
Pertamina: Operator
PTT Exploration and Production Pcl (PTTEP)
Petronas Carigali Sdn Bhd. (Resigned as of Feb 2012)
Contractors:
Hallin Marine (company closed down in 2014) : SURF contract