Corridor PSC is a producing conventional gas field located onshore Indonesia and is operated by PT Medco Energi Internasional. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Corridor. Buy the profile here.
Field participation details
The field is owned by PT Medco Daya Abadi Lestari, PT Pertamina (Persero) and Repsol.
Production from Corridor PSC
The Corridor PSC conventional gas field recovered 45.28% of its total recoverable reserves, with peak production in 2010. The peak production was approximately 11.10 thousand bpd of crude oil and condensate and 991.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2083. The field currently accounts for approximately 9% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 1,330.27 Mmboe, comprised of 55.70 Mmbbl of crude oil & condensate and 7,647.42 bcf of natural gas reserves. Corridor PSC conventional gas field reserves accounts 0.45% 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.
For more details on the Corridor PSC Conventional Gas Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
