Lofin is a conventional gas development located onshore Indonesia and is operated by CITIC Seram Energy. Discovered in 2012, Lofin lies in block Seram Non Bula.
The project is currently in feasibility stage and is expected to start commercial production in 2024. The Lofin conventional gas development will involve the drilling of approximately two wells.
Field participation details
The field is owned by CITIC Group, Lion Energy, PT GHJ Seram Indonesia, PT Petro Indo Mandiri and Gulf Petroleum Investment.
Production from Lofin
Production from the Lofin conventional gas development project is expected to begin in 2024 and is forecast to peak in 2025, to approximately 1,800 bpd of crude oil and condensate and 208 Mmcfd of liquid natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2087.
Remaining recoverable reserves
The field is expected to recover 360.39 Mmboe, comprised of 14.54 Mmbbl of crude oil & condensate and 2,075.07 bcf of liquid natural gas reserves.
About CITIC Seram Energy
CITIC Seram Energy Limited is an oil and gas exploration and production company.
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.