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Industry: Email Alert RSS FeedINDONESIA - Chevron - East Kalimantan.
APS Review Gas Market Trends, March, 2007
Having acquired Unocal of the US in 2005, Chevron in October 2006 said it was to invest $6 bn over four years to develop Unocal's offshore oil and gas field in East Kalimantan. Unocal, whose PSC was extended in 1991 for another 20 years, has several oil and gas fields in East Kalimantan, onshore and offshore. The Merah Besar and Janaka fields in the Greater Merah Besar block of the Kutei Basin went on stream in 2004 with a capacity of 100,000 b/d. Their oil is similar in quality to the 39[degrees] API, low-wax Attaka grade. Its oilfields include Attaka (found in 1970 at 7,500 ft and by the mid-1980s producing 50,000 b/d), Melahin and Kerindingan (both found in 1972 at 11,150 ft and producing heavier oil). Fields producing gas supplied to the Bontang complex include...
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