Conoco starts gas deliveries

Conoco starts gas deliveries

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.