Indonesia OKs RH Petrogas’ North Klalin plan

JAKARTA, February 13, 2015 – Singaporean independent RH Petrogas received government approval for its plan to develop the onshore North Klalin gas and condensate field Wednesday. The company’s programme includes flowlines tied back to existing facilities and four new development wells in the field, located in the Kepala Burung production-sharing contract in West Papua.

“Given the current environment where many exploration and production companies are expected to cut back or defer on their capital expenditures, there may be opportunities for us to lower the cost of development for North Klalin should there be an easing of demand for drilling and other contracting services in the region,” RH Petrogas’ CEO, Francis Chang, said in a press release.

RH Petrogas has already put three appraisal wells into production on the field. The company owns 60-percent stake in the production-sharing contract, PetroChina holds a 30-percent share and Indonesian state-owned Pertamina Hulu Energi has 10 percent.

Read our latest insights on: