Pertamina announces five separate oil and gas discoveries

Jul 26, 2001 02:00 AM

A production-sharing contractor made a 5 tcf natural gas discovery in the Luwuk Banggal regency of central Sulawesi in Indonesia, officials of Pertamina, the state oil company, said. PT Exspan Tomori Sulawesi made that find following completion of its Senoro No. 2 well earlier this month, which flowed at a rate of 20 mm cfpd of gas and 435 bpd of condensate, officials said.
The latest discovery in central Sulawesi could be developed to supply a new power generation plant, a pattern established by other successful exploration and production companies in that area, which faces a potential electric shortage, said officials. Exspan expanded into the natural gas business with its recent gas discoveries and may now move into electric power generation, sources said.

Meanwhile, the company also made an oil discovery in the south Sumatra extension block. It was testing a discovery in the Sumatra block, where its Matra No. 2 well flowed 1,100 bpd of crude, officials said. A follow-up well, the Matra No. 3, is planned. Pertamina officials said Exspan is expected to propose a development plan for Matra and Senoro fields. Matra oil field could be brought into production by 2003 as an assist to Pertamina's plans to boost future oil output, said officials.

Source: OGJ Online
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