Oil And Gas Asia (Official)’s Post

Indonesia project update! Conrad Asia Energy has signed a binding gas sales agreement (GSA) with PT Perusahaan Gas Negara Tbk (PGN) to supply ~30% of the Mako field’s gas for use in Batam. A separate GSA with Sembcorp is underway, and together with this GSA, they are crucial milestones to achieving the Mako gas project’s FID by 2024. The project is expected to come onstream by 2026 and supply 120 MMcf/d of gas to Singapore and Batam when at plateau. Gas continues to play a vital role in Indonesia’s energy transition and economic growth. In Batam, the demand for gas is increasing to support the province’s growth since its inception as a free trade zone in 2009 and its emerging position as the hub for manufacturing and data centres in the region.

𝗜𝗣𝗔 𝗖𝗼𝗻𝘃𝗲𝘅 𝟮𝟬𝟮𝟰: 𝗣𝗹𝗲𝗻𝗮𝗿𝘆 𝗦𝗲𝘀𝘀𝗶𝗼𝗻 𝟲 "How Upstream Oil and Gas Projects Capitalize the Carbon Pricing Mechanism" 🗓️: Thursday, 16 May 2024 🕘: 10.30 AM – 12.00 PM 📍: Nusantara Hall, Indonesia Convention Exhibition (ICE) BSD City. This session isn't just about navigating change, it's about unlocking new opportunities. Discover how upstream projects can not only comply with carbon pricing but also use it to drive innovation, secure investment, and position themselves for a sustainable future. Join industry leaders and experts for a discussion on leveraging this mechanism for competitive advantage and responsible development! 𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿 𝗻𝗼𝘄! 𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗲𝗹𝘆 𝗮𝘁 𝘁𝗵𝗲 𝗜𝗣𝗔 𝗖𝗼𝗻𝘃𝗲𝘅 𝗼𝗳𝗳𝗶𝗰𝗶𝗮𝗹 𝘄𝗲𝗯𝘀𝗶𝘁𝗲: 𝗵𝘁𝘁𝗽𝘀://𝗰𝗼𝗻𝘃𝗲𝘅.𝗶𝗽𝗮.𝗼𝗿.𝗶𝗱 For any inquiries, reach out to registrationipa@convex.ipa.or.id or contact Ms. Amanda at +62 896 0283 1820. #IPAConvex2024 #OilandGas #EnergyTransition #NetZeroEmissions #SustainableFuture

🌍Indonesia’s Synergy Engineering has been awarded the prestigious front-end engineering and design (FEED) contract for Repsol’s $630 million Kali Berau Dalam (KBD) Gas field development. Located in South Sumatra, this project is set to boost Indonesia’s Natural Gas production with an estimated capacity of 135 million cubic feet per day. The KBD field, part of the Sakakemang production sharing contract, includes the installation of a central processing facility, CO2 and produced water pipelines, and the drilling of two new production wells. This development underscores Repsol’s commitment to advancing Indonesia’s Energy sector, with first Gas expected by early 2028. 🚀💼 To learn more about this development, click the link in the comments below! ⬇️ #OilAndGas #EnergySector #Indonesia #Repsol #SynergyEngineering #NaturalGas #EnergyDevelopment #FEEDContract #GasProduction #SoutheastAsiaEnergy

EMPYREAN ENERGY PLC PLC (AIM:EME) announced the signing of a binding gas sale agreement (GSA) for the domestic portion of gas from the Mako field. The deal is with Indonesian firm PT Perusahaan Gas Negara (PGN). It is part of the company's strategy to develop the gas field which is located in the West Natuna Sea, Indonesia. This comes as Indonesia aims to double its gas production, supporting the country's energy transition and economic growth. The GSA is contingent on the construction of a pipeline connecting the West Natuna Sea to Batam. The deal covers a total contracted gas volume of up to 122.77 trillion British Thermal Units – versus Mako’s estimated production rate of 35 billion British Thermal Units per day. "This domestic GSA is a great step forward for the Mako gas field development,” Empyrean chief executive Tom Kelly said in a statement. “We can also look forward to finalising the export GSA in the near... More at #Proactive #ProactiveInvestors http://ow.ly/QjkM105xRWh

Empyrean PLC (AIM:EME) chief executive Tom Kelly cheered the new project milestone for the Mako field, in Indonesia, where the project partners have now secured a Gas Sales Agreement (GSA) with Sembcorp Gas. It covers the export portion of natural gas from the gas field. The agreement is seen as a significant milestone in the commercialisation of the Mako field, which notably is the largest undeveloped gas field in the West Natuna Sea. Specifically, the GSA is an important step toward a Final Investment Decision (FID) for the Mako project. The agreement envisages the sale of up to 76.9 million standard cubic feet per day (mmscfd) of natural gas, plus upside if a tie-in pipeline to the Indonesian domestic market is not constructed. Specific commercial terms of the agreement remain confidential and are subject to the approval of Indonesia's Minister of Energy and Natural Resources. "This export GSA between... More at #Proactive #ProactiveInvestors http://ow.ly/6wnR105HopE

Empyrean Energy cheers important Mako milestone #AIM #EME. Empyrean Energy PLC (AIM:EME) chief executive Tom Kelly cheered the new project milestone for the Mako field, in Indonesia, where the project partners have now secured a Gas Sales Agreement (GSA) with Sembcorp Gas. It covers the export portion of natural gas from the gas field. The agreement is seen as a significant milestone in the commercialisation of the Mako field, which notably is the largest undeveloped gas field in the West Natuna Sea. Specifically, the GSA is an important step toward a Final Investment Decision (FID) for the Mako project. The agreement envisages the sale of up to 76.9... http://ow.ly/6wnR105HopE

Coro Energy Plc (AIM:CORO) told investors that binding key terms for the domestic sale of gas from the Mako field, in Indonesia, have now been agreed. The agreement is with PT Perusahaan Gas Negara Tbk (PGN), and it is conditional on the development of a pipeline that will connect the West Natuna Transportation System to Batam's domestic gas market. It is another step in the Mako field's revised plan of development, the company noted. Mako is operated by partner Conrad Asia Energy, with Coro owning a 15% interest in the project. In a stock market statement today, Coro also noted Conrad’s revised estimates for the field's recoverable dry gas volumes and that it incorporates the new anticipated timeline for the project – which anticipates the start of production by mid-2026. More at #Proactive #ProactiveInvestors #coroenergy #energy #carbon #renewables #southeastasia http://ow.ly/tqQn105nE6X

EXTENDING THE LIFECYCLES OF AGEING ROTATING EQUIPMENT Indonesia’s fast-growing demand for electricity sees power operators facing the challenge for dependability in power supply, yet the oil and gas industry is mired with ageing infrastructure. Sulzer’s Joko Sutopo, Head of Sulzer Services (Indonesia) sheds light on how processes can be optimised to meet demand, and equipment lifecycles extended with innovative repairs, retrofits and re-rates in Petrominer. Read the article here. https://brnw.ch/21wNJO0 #Sulzer #SulzerServices #PhilippinesEnergy #SustainableSolutions #PowerInnovation #OilAndGas #ElectricityDemand #CarbonReduction #EfficiencyBoost #Retrofits #EnergyTransition

𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐨𝐟 𝐇𝐢𝐠𝐡-𝐂𝐨𝐧𝐭𝐚𝐦𝐢𝐧𝐚𝐧𝐭 𝐆𝐚𝐬 𝐢𝐧 𝐒𝐚𝐫𝐚𝐰𝐚𝐤 - 𝐆𝐇𝐕 𝐒𝐞𝐫𝐢𝐞𝐬 𝐏𝐚𝐫𝐭 𝟑 Are you curious about the challenges of producing high-contaminant gas? The raw gas is high in contaminants like CO2, which significantly impacts the gas's heating value (GHV) and presents unique operational challenges. Malaysia is targeting stranded high-carbon-dioxide (CO2) gas fields for development to support long-term natural gas production targets. The country is home to a large number of undeveloped high-CO2 gas fields. For example, the K5 gas field, located offshore Sarawak and discovered in 1970, is estimated to contain 21 trillion cubic feet of gas with 50% CO2 content. Despite the challenges, Petronas has earmarked US$1 billion (RM4.69 billion) to develop the field. The removal of contaminants is crucial as it directly influences the gas's heating value (GHV), which in turn affects the economic viability and suitability for end-users. Lower GHV can lead to decreased revenue and may require blending with higher-quality gas to meet market standards. How will this impact the economics and operational strategies for these fields? Join the discussion in the comments below or contact GGRE for more information. Stay tuned as we dive deeper into the strategies and technologies employed to tackle these challenges in our upcoming posts. #HighContaminantGas #CO2Removal #GasHeatingValue #NaturalGasImpurities #GasProductionChallenges #SarawakGasFields #GasQualityImpact #CorrosionIssues #GasTreatmentCosts #GGRECollaboration

Conrad Asia Energy is making waves in the Southeast Asian Oil and Gas industry with a major step forward for the Mako field in the West Natuna Sea. 🚀 The company has signed a critical Gas Sales Agreement (GSA) with Indonesia's PT Perusahaan Gas Negara Tbk (PGN), moving closer to the final investment decision (FID) for the project by Q4 2024. This agreement covers 29.5% of Mako’s Gas volumes for the domestic market, while talks with Singapore’s Sembcorp Gas for the remaining 70.5% are ongoing. 🌊🔋 Mako, the largest undeveloped Gas field in the region, is set to start production in 2026, bringing 376 billion cubic feet of Gas to market. To learn more about this, click the link in the comments below! ⬇️ #ConradAsiaEnergy #MakoField #GasSalesAgreement #OffshoreGas #IndonesiaEnergy #PGN #WestNatunaSea #OilAndGasIndustry #EnergyDevelopment #SoutheastAsia #SembcorpGas #NaturalGas #EnergyTransition #2024Targets #Q4FID