Conoco starts gas deliveries

Thu, 28 Jun 2001 | Source: DJ

JAKARTA (JP) Conoco Indonesia Inc. started Tuesday deliveries of natural gas to Singapore from its South Natuna Sea B Block, the company said Wednesday.

Conoco Indonesia, a unit of Conoco Inc., it is the last of three operators to deliver natural gas to Singapore via the 656- kilometer subsea pipeline.

The other two operators - Gulf Resources (Kakap) Ltd., and Premier Oil Natuna Sea Ltd - started gas deliveries in January. Premier Oil Natuna is a unit of British firm Premier Oil, while Gulf Resources is a subsidiary of Canadian firm Gulf Canada Resources.

In 1999, state owned oil and gas company Pertamina agreed to sell through contractors 325 million cubic feet of natural gas a day for 22 years to Singapore's SembCorp Gas Pte.

The gas sales are expected to generate around US$8 billion in revenue to be split between the Indonesian government and the three production sharing contractors.

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