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December 6, 2021updated 27 Apr 2022 12:28pm

Merakes Conventional Gas Field, Indonesia

By Carmen

Merakes is a producing conventional gas field located in deepwater in Indonesia and is operated by Eni East Sepinggan. The field is located in block East Sepinggan, with water depth of 4,500 feet.

Field participation details

The field is owned by PT Pertamina (Persero), Neptune Energy Group and Eni.


Production from Merakes

The Merakes conventional gas field recovered 2.85% of its total recoverable reserves, with peak production expected in 2024. The peak production will approximately 3.13 thousand bpd of crude oil and condensate and 391 Mmcfd of liquid natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2033. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 141.39 Mmboe, comprised of 6.52 Mmbbl of crude oil & condensate and 809.2 bcf of liquid natural gas reserves. Merakes conventional gas field reserves accounts 0.05% of total remaining reserves of producing conventional gas fields globally.


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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