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Arcandra: giant gas discovery in Sakakemang positive for Indonesia’s gas industry

Arcandra Tahar (Photo credit: The office of Director General for Oil and Gas)

JAKARTA (RambuEnergy.com) – Deputy Minister for Energy and Mineral Resources (MEMR) welcomes the giant gas discovery by Repsol in its Sakakemang block in South Sumatera. The discovery injects fresh hopes that the gas industry in Indonesia still has bright prospects as long as the exploration activities continue.

“This is the second largest (discovery) after Corridor (block). Hopefully, there would be more discoveries in the nearby areas in the future, including the new working area, South Sakakekemang, which is close to the Sakakemang field. Hopefully, Repsol will discover larger reserves in Sakakemang,” Arcandra Tahar told reporters at a press conference on Thursday (Feb. 21).

Repsol, a global energy company based in Madrid, Spain, and its partners PETRONAS and Mitsui Oil Exploration (MOECO) announced earlier this week of a giant gas discovery in South Sumatera, the largest gas find in Indonesia in 18 years.

“The KBD-2X well in South Sumatra provides a preliminary estimation of at least 2 TCF of recoverable resources,” Repsol said in a statement.

“The find is the largest discovery in Indonesia in the past 18 years and represents new resources for the Indonesian market that will help fuel economic development,” it said.

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 discovery is also among the ten largest finds worldwide in the last 12 months, the company said in a statement.

The company will continue the exploratory work in the coming months with an additionally planned appraisal well.

Repsol has cooperated closely with Special Task Force for Upstream Oil and Gas (SKK Migas) on the exploration activity carried out in the block and continues to work on next steps with Indonesian authorities. (*)

Written by Roffie Kurniawan (Email: roffie.kurniawan@gmail.com)

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