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November 22, 2021

Ande Ande Lumut Heavy Oil Field, Indonesia

By Carmen

Ande Ande Lumut is a heavy oil development located in shallow water in Indonesia and is operated by Mitsui. Discovered in 2000, Ande Ande Lumut lies in block Northwest Natuna, with water depth of around 236 feet.

The project is currently in feed stage and is expected to start commercial production in 2024. The development cost is expected to be $800 m. The Ande Ande Lumut heavy oil development will includes FPSO and wellhead platforms.

Field participation details

The field is owned by Santos and Mitsui.


Production from Ande Ande Lumut

Production from the Ande Ande Lumut heavy oil development project is expected to begin in 2024 and is forecast to peak in 2025, to approximately 24,750 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2048.


Remaining recoverable reserves

The field is expected to recover 79.83 Mmboe, comprised of 79.83 Mmbbl of crude oil & condensate.


Contractors involved in the Ande Ande Lumut heavy oil field

Some of the key contractors involved in the Ande Ande Lumut project as follows.

Other Contractors: Apexindo International, John Wood Group, NauticAWT and PT Indonesian Service Bureau

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About Mitsui

Mitsui & Co Ltd (Mitsui) is a business conglomerate. It distributes, purchases, markets and supplies wide variety of products in business areas including iron and steel; non-ferrous metals; machinery; electronics; chemicals; energy-related commodities; foods & retail, lifestyle, and consumer service. The company also participates in the other activities such as arranging finance for customers and suppliers in connection with its trading activities, organizing and coordinating international industrial projects, participating in financing, and investing arrangements, assisting in the procurement of raw materials and equipment, providing new technologies and processes for manufacturing and coordinating transportation and marketing of finished goods. It operates in the Americas, EMEA, and Asia-Pacific. Mitsui is headquartered in Tokyo, Japan.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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