Husky Energy and its partners have achieved a significant milestone in advancing the Madura Strait BD gas-condensate field offshore Indonesia towards production. The jacket and wellhead platform for the liquids-rich gas development were sailed out in late October and have been successfully installed in about 55 m of water. Development drilling is expected to begin soon, and the project remains on target for first production in 2017. The BD Field is the first of a series of gas developments the company is advancing offshore Indonesia. Construction of an FPSO vessel to process gas and liquids production from the field is about 30% complete, and all major long-lead time items have been ordered. Husky said it is continuing to progress a series of other gas developments offshore Indonesia that are expected to add production in 2017 through 2019. A tendering process is underway for a floating production vessel and related engineering, procurement, construction and installation contracts for the combined MDA-MBH fields, also located in the Madura Strait. The MDA-MBH fields are expected to produce about 1.4 MMcm/d of gas at peak production. A third discovery, the MDK Field, is planned to be tied into the MDA-MBH Field infrastructure. A plan of development has been approved, and the field is expected to produce about 0.28 MMcm/d (net) at peak. Longer term, the company has four other Madura Strait discoveries that are under evaluation for development. It holds a 40% interest in all of the Indonesia projects, which will be developed in partnership with CNOOC (as the operator) and an affiliate of Samudra Energy, Indonesia.
Recommended Reading
Some Payne, But Mostly Gain for H&P in Q4 2023
2024-01-31 - Helmerich & Payne’s revenue grew internationally and in North America but declined in the Gulf of Mexico compared to the previous quarter.
Baker Hughes Awarded Saudi Pipeline Technology Contract
2024-04-23 - Baker Hughes will supply centrifugal compressors for Saudi Arabia’s new pipeline system, which aims to increase gas distribution across the kingdom and reduce carbon emissions
Green Swan Seeks US Financing for Global Decarbonization Projects
2024-02-21 - Green Swan, an investment platform seeking to provide capital to countries signed on to the Paris Agreement, is courting U.S. investors to fund decarbonization projects in countries including Iran and Venezuela, its executives told Hart Energy.
Shell’s CEO Sawan Says Confidence in US LNG is Slipping
2024-02-05 - Issues related to Venture Global LNG’s contract commitments and U.S. President Joe Biden’s recent decision to pause approvals of new U.S. liquefaction plants have raised questions about the reliability of the American LNG sector, according to Shell CEO Wael Sawan.
BP Pursues ‘25-by-‘25’ Target to Amp Up LNG Production
2024-02-15 - BP wants to boost its LNG portfolio to 25 mtpa by 2025 under a plan dubbed “25-by-25,” upping its portfolio by 9% compared to 2023, CEO Murray Auchincloss said during the company’s webcast with analysts.