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November 25, 2021updated 26 Nov 2021 5:50am

SNS Block B PSC Conventional Gas Field, Indonesia

By Carmen

SNS Block B PSC is a producing conventional gas field located in shallow water in Indonesia and is operated by Medco E&P Natuna. The field is located in block South Natuna Sea Block B, with water depth of 322 feet.

Five expansion projects are associated with the SNS Block B PSC conventional gas field, namely Forel, Malong, Bronang, Belida and Hiu. The expansion projects are currently in the approval stage.

Field participation details

The field is owned by Prime Natuna Energy and PT Medco Daya Abadi Lestari.


Production from SNS Block B PSC

The SNS Block B PSC conventional gas field recovered 84.55% of its total recoverable reserves, with peak production in 2010. The peak production was approximately 58.74 thousand bpd of crude oil and condensate, 588 Mmcfd of natural gas and 12 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2037. The field currently accounts for approximately 3% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 191.04 Mmboe, comprised of 44.36 Mmbbl of crude oil & condensate, 742.05 bcf of natural gas reserves and 23.01 Mmbbl of natural gas liquid reserves. SNS Block B PSC conventional gas field reserves accounts 0.06% 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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