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| Investors new oil and gas in Mesozoic KTI blocked |
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| Friday, 30 July 2010 12:01 | |||||||
Page 1 of 2 BANDUNG - Accessibility, knowledge, and completeness of the data becomes an obstacle for new investors to get into the potential oil and gas in Mesozoic layers in the eastern part of Indonesia (KTI) is expected to greatly contribute to the national oil and gas production in the future.Dwi Rovicky Putrohari, Geological Advisor Hess said in deciding investment, new investors will favor a work area that is easily accessible and cheap in terms of financing. In this case, he said, the Western region of Indonesia that has geological characteristics which is easier and has explored the option compared to East Indonesia. "East Indonesia has a difficult terrain and accessibility is also difficult. Its natural condition, so the weight is also difficult. Western part of Indonesia, having been drilled since the 1890s, many providing knowledge, easy accessibility, and data are also incomplete, "he said on this day. Chairman of the Tectonic Division Indonesian Geologist Association says Benjamin island arc complexes from the viewpoint of geology, Indonesia actually has a beneficial setting. However, he said, setting aside also the most complex challenges. Currently, he said, oil and gas field development is still likely more in the tertiary strata, or which is formed from 30 million years ago. In fact, he said, Indonesia could still expect a large additional oil and gas reserves of the Mesozoic and Paleozoic strata have been formed between 100 and 160 million years ago. "Now we're looking for another older. Once the layer has not been targeted because we think of the tertiary layer is still there. For the Mesozoic layer of Indonesia tend to lag behind with Australia, "he said. Now, he said, there are three points which are expected to be a big hope their contribution to the national oil and gas production in future, namely in the vicinity of Bintuni, Seram, and Arafura. "The volume in the three areas that contain about 56%. But in terms of the average depth of about 2000 meters and thus require high cost. " Rovicky say with different geological characteristics, tectonic complex, and high diversity, eastern Indonesia contain a substantial risk. In addition, he said, costs required for exploration activities in each well could reach about U.S. $ 100 million. "If in the West, for onshore field only takes an average of U.S. $ 5 million, whereas in offshore around U.S. $ 20 million. For Indonesia the average East offshore and deep sea, it takes five times as much, "he said. Director General of Oil and Natural Gas Ministry of Energy and Mineral Resources Evita Herawati Based on information from the Water Resources said that the government oil and gas consultant, concluded that Indonesia should lead to deep water or shifted to the East. With that step, he said, Indonesia's oil production is estimated at the untenable position of approximately 1.2 million barrels until 2025. "If gas could even reach 1.5 times compared with current [which reached about 8700 million cubic feet per day]," he said. By: Rudi Arifianto (Bisnis.com)
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