News listings

energy-pedia development and production

Indonesia flagIndonesia

Central & SE Asia / Australasia >>> Indonesia

Indonesia: Black Platinum Energy announces preparation of the Dara East Gas Field PPoD in the North Sokang PSC

16 Apr 2018

Photo - see caption

Following Black Platinum Energy’s recent announcement of a significant increase in the discovered Dara East Gas Field P50 GIIP volume to 1,495 Bscf, the Company has completed a Preliminary Plan of Development ('PPoD') by LR Senergy for the Dara East Gas Field located in the East Natuna Sea.

The Dara East Gas Field is located in 110m of water some 190km East of Natuna Island, which is the nearest landfall to be used as a shore base and for support facilities.

Photo - see caption

Preliminary Plan of Development & Field Design

The Company’s initial plans for the Dara East Gas Field Phase-1 PPoD is to drill and complete four (4) subsea wells, and twelve (12) wells from four (4) well head platforms, targeting the two main reservoirs (UP-1A and LP-6). The wells have directional - horizontal profiles targeting 500m reservoir penetration. Secondary targets exist (in the UP 3 & UP 4) which we be flowed from the LP-6 wells as a later life contribution to production.

The Company’s PPoD includes a central Floating Processing Unit (FPU) and satellite Wellhead Platforms (WHPs). The produced gas would be exported via a new built 360km pipeline (third party owned and operated with a tolling fee for the produced Dara East gas) for tie-in to the West Natuna Transport System (WNTS). The main elements of the proposed Dara East Gas Field facilities are:

  • A total of 23 wells;
    • 18 off platform wells
    • 5 off Subsea tie-back wells
  • 6 normally unmanned Well Head Platforms;
  • Infield flowlines and umbilicals;
  • Central Processing FPU (owned and operated by others); and
  • Tie-in to main Export Trunkline to WNTS (owned and operated by others)

An alternative development concept exists which involves replacing the FPU & Pipeline with a FLNG vessel.

Gas Market & Price

Meanwhile, the Company recently completed an 'East Natuna Gas Monetization Study' conducted by Wood Mackenzie which identified four 'Tier 1' gas monetisation options for Dara East gas which are:

  • Singapore pipeline gas sales into power and industry segments;
  • Batam pipeline gas sales into power and industry segments (2 options);
  • FLNG long-term LNG sales to Asia-Pacific

The Study concludes that there is a market for East Natuna gas in Singapore and Batam for piped gas and long-term LNG sales to Asia-Pacific. The gas can be sold at a price attractive enough to support a Dara East Gas Field development at expected or forecasted international piped gas and domestic prices (provided by the new Government of Indonesian domestic gas regulation) or international LNG prices.

Way Forward

The Company intends to aggressively seek potential Partners/Investors who can jointly develop and exploit the Dara East Gas Field before proceeding further to the submission of a formal PoD to the Government of Indonesia (“GoI”) and undertaking other firm development activities. Specifically, the Company plans to work with potential Partners/Investors on an optimal plan to begin development & production of the Dara East Gas Field which will include such activities as:

  1. Review and approving the existing PPoD and preliminary drilling and facilities engineering;
  2. Deciding on a commercialization option e.g. FPU & Pipeline or FLNG solution;
  3. Confirming gas markets and engaging with potential gas buyers; and
  4. Undertaking a resource verification and reserve certification by the Indonesian Research and Development Center for Oil and Gas Technology (commonly referred to as LEMIGAS).

Larry Luckey, Acting CEO of BPE commented:

'Capital expenditures for the Dara East Gas Field development are estimated at USD$400 million with recoverable resources estimated at 911 Bscf. The Dara Gas Field would be the first development in the East Natuna area with first gas as early as 2022/23 and could become a backbone for further development of oil and gas in East Natuna. Further, the Dara East Gas Field development offers existing Indonesian PSC Operators or new entry players and excellent low cost/high growth opportunity in a strategic area'.

Source: Black Platinum Energy

Bookmark and Share

A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.

Subscriber Only Deals

Current deals: 1651
Completed deals: 5081

Company Profiles

Current Company Profiles: 2618

Corporate Activity

Current Corporate Activity articles: 3168

Companies Looking

Current number of articles: 423

Company Sales

Current Company Sales articles:1309


Current Geostudies articles: 603

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...

energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...

energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...


Subscribe to the FREE
energy-pedia Daily Newsletter

Lynx Information Systems
Rose & Assocs 149
KL Publishing
EP Consult Energies
Government of South Australia
SLR Consulting logo
Union Jack Oil 149
count geophysics
RSK Logo 149
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans

Tel: +44(0)1727 822675