Pearl Energy to Develop Ruby Gas Field

23 June 2011 (Last Updated June 23rd, 2011 18:30)

Mubadala Development Company subsidiary Pearl Energy will invest $350m in the development of the Ruby natural gas field in Indonesia. Indonesia's Upstream Oil and Gas Executive Agency has approved a $500m plan for the field's development. Mubadala Development Company directo

Mubadala Development Company subsidiary Pearl Energy will invest $350m in the development of the Ruby natural gas field in Indonesia.

Indonesia’s Upstream Oil and Gas Executive Agency has approved a $500m plan for the field’s development.

Mubadala Development Company director corporate communications Andy Mitchell said the field is expected to produce 80 million standard cubic feet of gas per day and will come online in 2013.

The development phase includes drilling four production wells and the installation of a wellhead platform and bridge linked to a production platform.

The company said the gas will be transported through a 14in, 312km pipeline to a receiving terminal for processing at the Senipah Onshore Gas Plant, which is operated by Total E&P.

The Ruby natural gas field is joint venture in which Pearl Energy holds a 70% interest along with partners Pearl Oil Total E&P Sebuku and Inpex South Makassar, reports gulfnews.com.