Ophir has interests in 12 PSCs in Indonesia. These include the Kerendan gas field development and two adjacent exploration licences, North East Bangkanai and West Bangkanai in onshore Kalimantan; four exploration licences in the Makassar Strait and four deepwater exploration licences in Eastern Indonesia.
The Kerendan gas field contains around 280 Bcf and in 2014 the West Kerendan well discovered a further 310 Bcf.
Close
20MMscfd
4
The Kerendan gas field contains around 280 Bcf and in 2014 the West Kerendan well discovered a further 310 Bcf. The first phase of the project will commericalise 120 Bcf through a Gas Sales Agreement with PLN (Indonesian National Power Company). This will see 20 MMscfd produced into a 155 MW power plant PLN is building 3 km from the field. The power plant has the potential to be expanded by 2020 which could increase demand from the Kerendan field to around 70 MMscfd.
The North East and West Bangkanai PSCs, as well as the Bangkanai PSC (within which the Kerendan field is located), contain analogue structures. Ophir will complete seismic surveys over these in the coming years ahead of possible future exploration drilling.
In Eastern Indonesia Ophir has four deepwater licences, West Papua IV, Aru, Halmahera-Kofiau and Kofiau. Multiple leads and prospects have been identified which are a mixture of clastic and carbonate play types in both proven and frontier basins.
The West Papua area (West Papua IV and Aru PSCs) is frontier and potentially high impact, primarily prospective for oil within a carbonate play where reservoir quality has been partially derisked by drilling to date. The Western Birds Head Area, prospective for both oil and gas in carbonate and clastic plays, has been de-risked by existing discoveries on the Kofiau PSC.
The focus in 2016 will be to re-interpret existing 3D seismic data and commission new 3D surveys on several blocks with drilling campaigns likely to start in 2017.
