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One Day – One Country: Indonesia

Indonesia Key Projects and Business highlights

2B1st_Project_Smart_Explorer_Sales_Pursuit_ToolWithin the Asia-Pacific region, Indonesia popped up on the first half 2013 as one of the most dynamic country  with the major international oil companies (IOCs) BP, Chevron, Eni, GDF-Suez, Inpex, PTTEP, Shell and Total competing to speed up their projects in exploration and production.

BP_Tangguh_LNG_Expansion_MapConcentrated on the upstream sector, the projects in Indonesia are most related to additional offshore platforms, floating, production, storage and offloading (FPSO) and floating liquefied natural gas (FLNG) vessels, and liquefied natural gas (LNG) plants expansion.

With offshore basins rich in natural gas, Indonesia intends to take advantage of the costs challenges in Australia to attract foreign investors.

The projects may be related to new discoveries as well as the expansion and revival of existing maturing oil and gas fields in drilling new wells and in deploying all the technics of the enhanced oil recovery (EOR).

In the light of the experiences made by some companies such as Chevron on the first half of 2013, the success of the development of the oil and gas  sector in Indonesia on the coming years will mostly depend on the stability of the local regulation, especially regarding the protection of the environment. 

BP selects bidders for Tangghu LNG FEED competition

BP_Tangguh_LNG_Third-TrainThe International Oil Company (IOC) BP and its partners in the Tangguh Expansion Project are currently qualifying the engineering companies to be invited to bid (ITB)on the onshore Tangguh third LNG Train and the production platforms to be installed offshore the Irian Jaya District of the West Papua Province of Indonesia.

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Inpex and Shell to speed up Abadi FLNG project

Inpex_Abadi-FLNGInpex Corporation (Inpex) from Japan and the international oil company Shell signed two contracts in parallel for the front end engineering and design (FEED) of the Abadi floating liquefied natural gas (Abadi FLNG) project in the Masela Block, offshore Indonesia.

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PTTEP to replace Petronas in East Natuna Project

Trans_ASEAN_Gas_Pipeline_projectOn October 20th, 2012, the Director of the Oil and Gas at the Indonesian Ministry of Energy and Mineral resources confirmed that the Thai national oil company, PTTEP, has been selected to replace the leaving Malaysian Petronas from the partnership.

In the competition, to take the seat left by PetronasPTTEP passed the Kuwait Foreign Petroleum Exploration Company (KUFPEC) that had shown interest for this opportunity.

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Chevron qualified contractors to bid on Gendalo-Gehem

Chevron_Gendalo-Gehem_SubseaChevron had awarded the front end engineering and design (FEED) for the development of Gengalo – Gehem project to:

 – Technip Jakarta office in Indonesia and Houston office in Texas, USA, for the two large Floating Production Units (FPU) package

 – Worley Parsons Indonesia for the Subsea and Flowline system package.

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ENI and GDF-Suez combine Jangkrik FEED & EPC bids

Bontang_LNG_East-Kalimantan_IndonesiaAfter the successfully appraisal of the Jangkrik natural gas discovery, Eni and  GDF-Suez intend to speed up the development of the  Muara Bakau PSC, Kutei Basin, East Kalimantan, Indonesia.

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For more information and data about oil and gas and petrochemical projects go to Project Smart Explorer

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