Unocal discovers new gas and oil resources<\/p>\n
The Jakarta Post, Jakarta<\/p>\n
Unocal Ganal, a subsidiary of U.S. oil and gas company Unocal
\nCorporation, said it has found significant gas-condensate and oil
\nresources with an unrisked resource potential of up to 3 trillion
\ncubic feet (TCF) of gas equivalent at its deepwater Gehem well,
\noff East Kalimantan.<\/p>\n
The company said the reservoir had the potential for flowing
\nin excess of 100 million cubic feet (MMSCFD) of gas per day and
\n5,000 barrels of oil condensate per day per well.<\/p>\n
\"The size of the potential Gehem resource, reservoir quality,
\npotential high condensate yields and location relative to the
\nBontang liquefied natural gas plant, position Gehem to be a low-
\ncost gas supplier to the plant,\" Charles R. Williamson, Unocal's
\nchairman and chief executive officer said in a press release made
\navailable to The Jakarta Post on Sunday.<\/p>\n
The Gehem-1 well where the gas-condensate and oil resource
\ndiscovered is located in the Ganal production-sharing contract
\narea, 5.6 kilometers south of Unocal's Ranggas field.<\/p>\n
Williamson said the results would significantly increase the
\nprospects of the deep oil, which are already in Unocal's drilling
\nschedule for 2003.<\/p>\n
Unocal Corp. and other oil and gas producers such as French
\nTotal, operates Bontang LNG plants in East Kalimantan, producing
\nabout 22.3 million metric tons a year.<\/p>\n
The company also operates West Seno oil and gas field in the
\nMakassar Strait, its first deepwater project in Indonesia. Unocal
\nhas been supplying LNG to Bontang plant since 1979.<\/p>\n
\"Gehem-1 is potentially the most significant well we have
\ndrilled in the deepwater since the Seno discovery well in 1998
\nbecause it opens up a new, deeper oil and gas trend for us across
\nour huge acreage holdings in the deepwater of Kutai Basin,\"
\nWilliamson said.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/unocal-discovers-new-gas-and-oil-resources-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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