West Seno begins first pumping

West Seno begins first pumping

EL SEGUNDO : Unocal Corporation today said that its Unocal Makassar, Ltd., subsidiary has begun oil production from Phase 1 of the company's deepwater West Seno project offshore East Kalimantan, Indonesia.

West Seno is the first deepwater oil and gas project in Indonesia.

Current production from West Seno is 14,000 barrels of oil per day (bopd) and 18 million cubic feet (MMSCFD) per day of gas from the first four wells put on production. The fifth well will be put on production within a week, and should bring production to over 17,000 bopd.

Gross production from Phase 1 is expected to reach 35,000 - 40,000 bopd by the end of 2003 as additional wells are completed, with additional production expected in 2004 as development drilling continues.

Daily production is expected to peak at 60,000 barrels (8,220 metric tons) of oil and 150 MMSCFD (4.2 million cubic meters) of gas per day by year-end 2005 with the completion of the Phase 2 development at West Seno.

Unocal Makassar expects to ultimately recover 210 to 320 million barrels (29 to 44 million metric tons) of oil-equivalent from the West Seno field.--JP