ESDM explains development of gas reserves in Kutai Basin, East Kalimantan

Jakarta — The Ministry of Energy and Mineral Resources (ESDM) explained the development of gas reserves in the Kutai Basin, East Kalimantan, which is believed to play a strategic role in supporting national energy security. Secretary of the Directorate General of Oil and Gas at the ESDM, Muhammad Rizwi Jilanisaf Hisjam, said in a meeting of Commission XII of the Indonesian House of Representatives in Jakarta, on Thursday, that the giant gas discovery in the Kutai Basin has significant potential, sourced from Geliga-1 well and Geliga well. He noted Geliga-1 well is estimated to contain 5 TCF of gas and 300 million boe condensate, while Gula gas reserves are recorded at 2 TCF and 75 million boe condensate, making total potential production 7 TCF of gas and 375 million boe condensate. “Thus, total potential production is 7 TCF gas and 375 million barrels of oil equivalent condensate,” he said. He added the joint Geliga and Gula development could produce up to 1,000 MMSCFD gas and 80,000 BOEPD condensate. Additionally, Rizwi conveyed various national strategic upstream oil-and-gas projects underway, including South Andaman, Asap Kido Merah, Tangguh UCC Project, Abadi Project, and the Indonesia Deepwater Development project. Earlier, Energy and Mineral Resources Minister Bahlil Lahadalia announced the discovery of natural gas at Geliga-1 Well, Ganal Block, offshore East Kalimantan, with a potential of around 5 TCF and 300 million barrels of condensate. “In an era when countries around the world are safeguarding their reserves, we are again grateful to God that this discovery is a gift and we must really focus on carrying out the President’s instruction to seek new oil sources,” said Bahlil at the press conference on the Giant Gas Discovery in East Kalimantan held at the Ministry of Energy and Mineral Resources office in Jakarta, Monday (21/4). The discovery is in the Ganal Working Area (WK) operated by ENI with an 82 percent stake, while the remaining 18 percent is owned by Sinopec. According to him, the exploration involving the Italian energy company ENI confirms that Indonesia’s oil-and-gas potential remains very large, particularly in the Kutai Basin, East Kalimantan, which continues to show promising prospects.