JAKARTA (rambuenergy.com) – Australian-based oil and gas company AWE Ltd expects Ande Ande Lumut oil field in North West Natuna PSC to produce first oil in late 2018 calendar year, delayed from its previous plan of late 2017.
AWE said on Monday (Aug. 24) that the AAL oil field project will go through a number of development phases before starts producing. In the first half 2016, the company plans to tender the floating, production, Storage and Offloading (FPSO), wellhead platform and an appraisal well in the first half of 2016.
Subsequently, final investment decision (FID) is expected to be decided in late 2016 calendar year and first oil production targeted for late 2018 calendar year.
“The Ande Ande Lumut oil project in Indonesia is moving forward with FEED well advanced and tendering for the well head platform and FPSO planned to continue over the remainder of 2015,” AWE said.
The company is working with the operator, Santos, to identify and lock in cost savings for drilling, well head platform construction and FPSO leasing contracts ahead of FID in the second half of 2016.
The joint venture also plans to drill an appraisal well on the 35 mmbbl (gross) G-Sand in the block in the first half of 2016.
In October last year, the company announced the delay of first oil production of Ande Ande Lumut project to come out in late 2017, delayed from early plan of 2016. The AAL initial production rate is expected at above 25,000 bopd.
AWE holds 50 percent interest in the Northwest Natuna PSC, with the remaining shares are owned by Santos Ltd. (*)