Tarakan PSC is a producing conventional oil field located onshore Indonesia and is operated by PT Medco E&P Tarakan. The field is located in block Tarakan.
Field participation details
The field is owned by PT Medco Daya Abadi Lestari.
Production from Tarakan PSC
The Tarakan PSC conventional oil field recovered 98.28% 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 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2025.
Remaining recoverable reserves
The field is expected to recover 0.44 Mmboe, comprised of 0.38 Mmbbl of crude oil & condensate and 0.37 bcf of natural gas reserves.
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.