News Regions Hardcopy Market Data Careers Web- tv Events Subscribe Focus About Upstream Advertise

At Kangean: Seadrill's jack-up Sakhalinskaya

related stories

EMP finalises Kangean sales

Indonesia's Energi Mega Persada has finalised gas sales agreements to underpin its $380 million Kangean gas development off East Java, Indonesia.

EMP Kangean will start to deliver 265 million cubic feet per day of gas to buyers from late 2007, reported Dow Jones.

The buyers include state-owned oil and gas company Pertamina, listed natural gas distribution company Perusahaan Gas Negara and state-owned electricity company Perusahaan Listrik Negara.

The contract maturities span from two to 16 years, said Kardaya Warnika, the head of the Indonesian upstream oil and gas regulating body.

EMP had aimed to sign these gas sales agreements before year-end 2005 with all its Kangean block customers - PLN, Petrokimia Gresik, PGN, Pertamina and Indogas that would replace the existing Trans-Java Kangean sales contract.

These customers account for a combined 979 trillion British thermal units of gas on contracts extending to 2024, while additional volumes will be sold opportunistically.

EMP last year acquired its 100%-operated interest in the Kangean block from BP. The block has independently certified proven and probable reserves of 1.6 trillion cubic feet of gas and 1 million barrels of oil.

EMP has started drilling operations on the Kangean development using the Seadrill jack-up Sakhalinskaya.

e-mail this to a friend

e-mail this to a friend

FREE Daily newsletter print
most popular
search
subscriber login
recruitment

Specialists Needed

ConocoPhillips is an international, integrated energy company. It is the third-largest integrated energy company in the United States based on market capitalization and oil...

ConocoPhillips

Strategic Advisors

Our client, a multinational petrochemical company, is seeking to recruit experts in the Gulf and North African gas sector.

Mellaart

Offshore Shipbroker

Maersk Broker wish to further strengthen our team responsible for Specialised Tonnage, and are looking for dynamic and professional Shipbrokers who can actively participate...

Maersk Broker

Business Development & Commercial Manager

OMV Exploration & Production

Lead Civil Engineer

Air Energi

Chief Engineer

Faststream

Construcion Manager

Sheffield Offshore

HSE Safety Advisor

Air Energi

E & I Inspector

Air Energi

Surveyor

Faststream

click here for all positions
news from other nhst publications