After two years of growth, the offshore Bison, Iguana and Gajah-Puteri (BIGP) fields within the Natuna Sea A Block recorded a maiden fuel manufacturing fee of 40 million cubic toes per day (mmscfd) on Nov. 28.
The Upstream Oil and Fuel Regulatory Taskforce (SKK Migas) stated in a press release on Monday that the venture, which required an funding of US$325 million, produced 15 mmscfd of fuel from the Bison area and 25 mmscfd of fuel from the Iguana area.
“We additionally performed an built-in fuel channeling check from each [fields], which have a mixed 40 mmscfd circulation fee — that went effectively,” stated SKK Migas spokesman Wisnu Prabawa Taher, including that the fields have a mixed fuel reserve of 93 billion cubic toes (bcf).
SKK Migas estimated in July that the venture would appeal to $171 million in investments, virtually half of the particular funding. It was projected to supply 80 mmscfd of fuel, double that of Thursday’s manufacturing.
British oil firm Premier Oil, which operates the block, holds a 28.67 % taking part curiosity whereas the remaining curiosity is shared…