Gulf Oil and Gas accountACCOUNT

Indonesia CBM Reserves Certification for Tanjung Enim PSC Initial POD

Source: www.gulfoilandgas.com 1/15/2018, Location: Asia

Share |
NuEnergy Gas Limited (NuEnergy) is pleased to announce that it has received the coal bed methane (CBM) reserves certification from the Indonesia Research and Development Center for Oil and Gas Technology (commonly referred to as LEMIGAS) for the Tanjung Enim Production Sharing Contract (TE PSC) initial Plan of Development (POD) target development areas.

LEMIGAS is the Indonesian government research & technology institution operating in the area of upstream and downstream oil and gas business and has key roles in the development of the oil & gas industry through research, engineering and development activities.

The Indonesian CBM reserves certification is one of the required processes to be administered by a state agency such as LEMIGAS in the CBM POD preparation and forms the basis of the overall POD. Once the POD is approved, CBM commercial development may commence for that specified resource.

The CBM reserves certification has confirmed 86.05Bscf for P1 and 78.84Bscf for P2 totalling ~165Bscf for the target development areas covering 33 km2 (or 13% of the TE PSC acreage).

This will enable NuEnergy to deliver about 25 MMSCFD to the market through the development of over 200 wells once the POD is approved.

Coalbed Methane News in Indonesia >>

Iran >>  5/9/2018 - The U.S. President Trump abandoned a nuclear deal with Iran that was agreed in late 2015, raising the risk of conflict in the Middle East and casting ...
Indonesia >>  5/8/2018 - KBR, Inc. (KBR) has been awarded a pre-FEED contract by INPEX Corporation through its subsidiary INPEX Masela Ltd for the Abadi onshore LNG Project in...

China >>  4/27/2018 - JGC Corporation has reached an agreement for co-operation relating to projects that adopt the module method and concluded the five-year “Strategic Co-...
Azerbaijan >>  4/26/2018 - SOCAR and BP have signed a new production sharing agreement (PSA) for the joint exploration and development of Block D230 in the North Absheron basin ...

India >>  4/26/2018 - Siemens Gamesa Renewable Energy's positioning in India has received an important boost with this order, its largest ever in this market. Under the ter...

Related Categories: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 


Indonesia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |

Oil & Gas Projects in Indonesia >>

More News

 

Oil & Gas Companies in Indonesia >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.