Repsol Unveils Big Gas Discovery in Indonesia

Laxman Pai
Friday, February 22, 2019

Spanish energy giant Repsol has made a substantial natural gas discovery in Indonesia along with its partners, Malaysia's Petronas and Japan's Mitsui Oil Exploration (Moeco).

The company described the discovery in South Sumatra as "the largest gas find in Indonesia in 18 years" and one of the 10 largest in the world over the past 12 months.

The discovery is also among the ten largest finds worldwide in the last 12 months. The KBD-2X well in South Sumatra provides preliminary estimation of at least 2 TCF of recoverable resources.

The discovery was made in the Sakakemang block in South Sumatra, where Repsol, as operator, holds a 45% working interest. PETRONAS owns 45% and MOECO the remaining 10%.

The Company will continue the exploratory work in the coming months with an additional planned appraisal well. Repsol has cooperated closely with SKK Migas on the exploration activity carried out in the block and continues to work on next steps with Indonesian authorities.

Indonesia is the focus of Repsol’s exploration investments in Southeast Asia. Repsol holds severals licences in Sumatra, both onshore and offshore, and plans to execute an intense drilling and seismic acquistition campaign in 2019 and 2020.

Repsol’s exploration and production strategy is focused on the development of gas assets, considered a key fuel for the energy transition to a low-carbon global economy. Gas makes up three-quarters of the company’s reserves and two-thirds of output.

Repsol has made more than 50 hydrocarbon discoveries during the 2007-2019 period. Ten have ranked among the largest hydrocarbon finds worldwide in their respective years, demonstrating Repsol’s exploratory abilities. More than half of these discoveries are already in production.

Repsol has proprietary cutting-edge technology that has allowed the company high exploration success, and develops innovative projects in this area of expertise in collaboration with world-renowned companies and institutions.

Categories: Energy Drilling Well Operations Gas Natural Gas Exploration Indonesia

Related Stories

SPE Offshore Europe 2025 set to drive transformational change for the energy sector

Norwegian Oil Investment Will Peak in '25

Saipem Wins FEED Contract For Abadi LNG Project FPSO Module In Indonesia

Shelf Drilling Lands New Jack-Up Contract in Vietnam, Extends Egypt Deal

PTTEP Hires Energy Drilling’s Rig for Southeast Asia Offshore Job

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

Chuditch Gas Field Drilling Ops Get Delayed to Next Year

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

Current News

Technip Energies Gets FEED Job for Inpex’ Abadi LNG Project in Indonesia

Keppel, Seatrium in $53M Arbitration Case Over Brazil Corruption Scheme

Subsea7 Secures Work at Black Sea Field off Türkiye

CIP, Petrovietnam Team Up for Offshore Wind Project in Vietnam

Seatrium Signs FLNG Vessel Upgrade Deal for Golar LNG

EnQuest Enters Indonesia with Operatorship PSCs for Two Exploration Blocks

PXGEO Nets First Seismic Survey off Malaysia

SPE Offshore Europe 2025 set to drive transformational change for the energy sector

Shipbuilder Delivers Fast Crew Boat Pair to Aesen

Norwegian Oil Investment Will Peak in '25

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com