Paus Biru is a conventional gas development located in shallow water in Indonesia and is operated by Medco Energi Sampang. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Paus Biru was discovered in 2018, lies in block Sampang, with water depth of around 98 feet. Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2025. Final investment decision (FID) of the project will be approved in 2023. The Paus Biru conventional gas development will involve the drilling of approximately one wells and includes wellhead platform.
Field participation details
The field is owned by China National Petroleum, OG Oil & Gas and PT Medco Daya Abadi Lestari.
Production from Paus Biru
Production from the Paus Biru conventional gas development project is expected to begin in 2025 and is forecast to peak in 2025, to approximately 25 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2059.
Remaining recoverable reserves
The field is expected to recover 9.41 Mmboe, comprised of 56.45 bcf of natural gas reserves.
About Medco Energi Sampang
Medco Energi Sampang Pty Ltd (Medco Energi) specializes in the exploration,development and production of oil and gas. Medco Energi is headquartered in Australia.
For more details on the Paus Biru 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.
