::Total disbursed Rp38 trillion for the Mahakam block>>

Go Finance Reporting in JAKARTA - Total E & P Indonesie, along with partner Inpex said the issuance of investment for projects in the Mahakam block reaches $ 4, 21 billion or approximately Rp38 trillion.

"Until 2017, we plan to continue to invest for USD16, 500 billion (Rp148 trillion) in PSC Mahakam. After 2017, to maintain production, required an additional investment of $ 7 billion (Rp60 trillion)," said President Director General and GM Total E & P Indonesie Elizabeth Proust as quoted from the official website of the Ministry of Energy and Mineral Resources in Jakarta, Sunday (03/27/2011).

Funds amounting to Rp38 trillion was used to build a gas and condensate field Tunu stages 11, 12, 13A, PECIKO Master Theses 6 and accommodation facilities SPU field. The project had been inaugurated by the Minister of Energy and Mineral Resources Darwin Zahedy Saleh on Saturday (03/26/2011).

Proust said, the projects of low pressure gas in Tunu and PECIKO Master Theses will be able to encourage the production of gas at low pressure as much as 1900 mmscfd of total gas production total of 2,500 mmscfd.

PECIKO Master Theses Tunu field and this has been in operation several years ago. Tunu field production started in 1990. The development phase of 11 (Tunu 11) consists of the installation of compression facilities Low Presure (LP) in the South and Tunu Tunu North. 2011 Tunu Production began in late 2009.

Tunu phase 12 (Tunu 12) consists of three GTS construction and well head in a modular platform that is connected to production facilities and test headers. Third GTS ready to be drilled in 2009. While Tunu 13 is the addition of 2 GTS with a similar design Tunu 12.

While PECIKO Master Theses start production in late 1990. PECIKO Master Theses development phase 6 (PECIKO Master Theses 6) which was inaugurated Minister of Energy and Mineral Resources is developing the installation of compression facilities LP and modification of six well head platforms on the Ground PECIKO Master Theses from the Mahakam block. (GoFinance)