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November 24, 2021updated 27 Apr 2022 12:11pm

Corridor PSC Conventional Gas Field, Indonesia

By Carmen

Corridor PSC is a producing conventional gas field located onshore Indonesia and is operated by PT Medco Energi Internasional. The field is located in block Corridor.

Field participation details

The field is owned by PT Medco Daya Abadi Lestari, Repsol and PT Pertamina (Persero).


Production from Corridor PSC

The Corridor PSC conventional gas field recovered 49.92% of its total recoverable reserves, with peak production in 2010. The peak production was approximately 11.1 thousand bpd of crude oil and condensate and 991 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2079. The field currently accounts for approximately 8% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 1,048.35 Mmboe, comprised of 24.54 Mmbbl of crude oil & condensate and 6,142.83 bcf of natural gas reserves. Corridor PSC conventional gas field reserves accounts 0.36% of total remaining reserves of producing conventional gas fields globally.


About PT Medco Energi Internasional

PT Medco Energi Internasional Tbk (MedcoEnergi), a subsidiary of PT Medco Daya Abadi Lestari, is an integrated energy company. It explores and develops oil and gas fields, produces and trades chemicals. The company also provides energy related services such as engineering procurement and construction (EPC), equipment leasing, operation and maintenance, energy trading and support services for oil and gas business. It also operates oil and gas fields through various agreements, including production sharing contracts, technical assistance contracts, and joint operating bodies. The company has operations in Africa, Asia, the Middle East and North America. MedcoEnergi is headquartered in Jakarta, Indonesia.

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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