Lofin is a conventional gas development located onshore Indonesia and is operated by CITIC Seram Energy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Lofin was discovered in 2012, lies in block Seram Non Bula. Buy the profile here.
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, Gulf Petroleum Investment, Lion Energy, PT GHJ Seram Indonesia and PT Petro Indo Mandiri.
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.
For more details on the Lofin 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.
