The joint venture owners of the large Senoro-Toili gas block in Central Sulawesi, Indonesia, have been granted a 20-year licence extension by the Indonesian government.
The extension will take effect from when the current contract expires in December 2027, said co-venturer Medco Energi.
Senoro-Toili is a large feedstock provider to the Donggi Senoro LNG plant, and also supplies gas to an ammonia plant and to Perusahaan Listrik Negara.
Medco said the development of the Senoro Toili working area will continue with the development of the South Senoro field, expected to be completed in 2025, as well as new exploration activities.
Daily maximum production from Senoro Toili reached 337 million cubic feet per day of gas in 2020, with 270 MMcfd being supplied to the LNG facility.
The permit contains 870 billion cubic feet of gross proved reserves with an additional 2.7 Tcf of gross contingent resources, according to Medco.
The project owners are Pertamina (50%), Medco (30%), Japan’s Mitsubishi and South Korea’s Korea Gas Corporation (splitting 20%)
The Donggi Senoro LNG plant has the same co-owners but with different levels of ownership - Mitsubishi/Kogas (59.9%), Pertamina (29%) and Medco (11.1%).
Medco E&P's president director Ronald Gunawan said his company "continues its commitment to meet the production targets set by the government and to support the industries as well as the communities in the areas surrounding its operations through community empowerment programs".