Together with the block’s Naga gasfield, where Premier began production last November, output is expected to reach upwards of 1.95 bcf per day. Both Singapore’s reserves and Indonesia’s domestic market stand to benefit from the additional resources.
Premier Oil with a 28.67 percent share is the operator of the Natuna Sea block A. Other partners in the block include KUFPEC (33.3 percent), Pertamina (11.5 percent), PTT (11.5 percent) and Petronas (15 percent).
Indonesia expects an increase in gas demand of 60 percent, to 36,000 cubic feet (1.3 mcf) per day, an official from Indonesia’s energy ministry announced last week.
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