Indonesia Approves Development Plan for 12 Oil, Gas Fields
Indonesia's energy regulator BPMigas has approved the plan of development (PoD) on 12 oil and gas fields with total investments reaching to $830 million.
Bisnis Indonesia has stated the twelve fields are expected to start the production activity as of this year until 2014. Combines production from these fields could be as much as 14,000 barrels per day [bpd] and gas around 150 Million Metric Standard Cubic Feet per Day [MMscfd].
The twelve PoD also includes the revised first PoD of Kepodang field run by Petronas Carigali Muriah and PoD of Sapi field Phase-2 run by Chevron Indonesia Company, Bisnis Indonesia said..
Kepodang field is part of Muriah Block in the North Sea of Central Java. It’s expected to start producing in second half of 2015 with estimated total production of 116 MMscfd.