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News // Companies

Repsol has made the largest gas discovery in Indonesia in the past 18 years

20 February 2019 , 12:25Neftegaz.RU358

Jakarta, February 20 - Neftegaz.RURepsol and partners PETRONAS and MOECO have made the largest gas find in Indonesia in 18 years.

Repsol reported this on February 19, 2019.

 

The discovery is also among the ten largest finds worldwide in the last 12 months.

The KBD-2X well in South Sumatra provides preliminary estimation of at least 2 TCF of recoverable resources.

The discovery was made in the Sakakemang block in South Sumatra, where Repsol, as operator, holds a 45% working interest. PETRONAS owns 45% and MOECO the remaining 10%.

 

Repsol will continue the exploratory work in the coming months with an additional planned appraisal well.

Repsol has cooperated closely with SKK Migas on the exploration activity carried out in the block and continues to work on next steps with Indonesian authorities.

 

Indonesia is the focus of Repsol’s exploration investments in Southeast Asia.

Repsol holds severals licences in Sumatra, both onshore and offshore, and plans to execute an intense drilling and seismic acquistition campaign in 2019 and 2020.

 

Repsol produced 15 million barrels of oil equivalent in 2017 in Indonesia, mainly from the asset known as Corridor.

Repsol owns mineral rights to 6 blocks: 5 exploration blocks and 1 in production/development.

 

To read this news in Russian.

 

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