Tarakan PSC is a producing conventional oil field located onshore Indonesia and is operated by PT Medco E&P Tarakan. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Tarakan. Buy the profile here.
Field participation details
The field is owned by PT Medco Daya Abadi Lestari.
Production from Tarakan PSC
The Tarakan PSC conventional oil field recovered 91.87% of its total recoverable reserves, with peak production in 2008. The peak production was approximately 2.05 thousand bpd of crude oil and condensate and 20.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2037.
Remaining recoverable reserves
The field is expected to recover 2.30 Mmboe, comprised of 1.27 Mmbbl of crude oil & condensate and 6.19 bcf of natural gas reserves.
For more details on the Tarakan PSC Conventional Oil Field, buy the profile here.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
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.
