Indonesia deep-water development, Indonesia
Name and Location
Indonesia deep-water development (IDD), East Kalamantan, Indonesia.
Client
PT Chevron Pacific Indonesia.
Project Description
Indonesia is estimated to have 104-trillion standard cubic feet (tscf) in proven gas reserves and 48 tscf in potential gas reserves, making it the thirteenth-largest owner of proven natural gas reserves in the world and the second-largest in Asia Pacific after China.
The IDD project involves four production-sharing contracts (PSCs) for Ganal, Rapak, the Makassar Strait and Muara Bakau, with five gasfields: Bangka, Gehem, Gendalo, Maha and Gandang, in the Makassar Strait, in East Kalimantan.
Value
The project is estimated at $12-billion.
Duration
The Bangka field was initially scheduled to begin production in 2016, followed by the Gehem and Gendalo fields in 2018.
The project is now expected to begin one year later than previously planned.
Latest Developments
Technip has been awarded a substantial subsea contract by PT Chevron for the Bangka development. The contract comprises engineering, procurement, construction, installation, commissioning and precommissioning of flexibles, umbilical and subsea structures.
Meanwhile, PT Chevron announced in October that it was delaying its IDD project, in the Makassar Strait. The company submitted a letter to acting Energy and Mineral Resources Minister Chairul Tanjung requesting the postponement.
Key Contracts and Suppliers
Technip (subsea contract).
On Budget and on Time?
Not stated.
Contact Details for Project Information
PT Chevron Indonesia senior VP for policy, government and public affairs Yanto Sianipar,
email inquiryChevronIBU@chevron.com.
Technip public relations, Christophe Bélorgeot, tel +33 1 47 78 39 92 or email press@technip.com.
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