Andalas Energy and Power Plc has provided an update on its activities in line with its strategy to roll out gas-to-power projects in Indonesia.
Partnership with Pertamina to Monetise Multiple Gas Fields in Indonesia
First meeting held on Friday 9 September 2016 between the Company and Pertamina in which the two committees established to commence work on the conceptual plans which will be reviewed by both partners:
- Power Generation Working Committee – to be chaired by Simon Gorringe, COO and Executive Director of Andalas.
- Gas Supply Working Committee – to be chaired by representatives from Pertamina.
- Work underway to select five initial stranded gas fields within Pertamina’s acreage in Riau, Jambi and South Sumatra provinces which are suitable for sub-100 MW gas-to-power development via an independent power project.
Tuba Obi East Concession, Sumatra
The approval process by Pertamina is underway to confirm the Company’s technical proposal to test the gas bearing Air Benakat Formation (ABF) on TOE via the recompletion of the existing TOE-1 well. In anticipation of final approval being issued, the tender process for services and equipment to undertake the workover of TOE-1, has commenced – further updates will be provided once this process has been completed.
Andalas CEO, David Whitby, said: “We are entering an exciting phase in the development of Andalas as a leading integrated gas to power producer focused on Indonesia. We are confident that during this period, the excellent work carried out by our first class team of oil and gas professionals over the past 12-18 months ensures the Company is in a strong position to capitalise on the substantial opportunity within our partnership with Pertamina. I look forward to providing further updates, as we focus on making a meaningful contribution towards the Government of Indonesia’s target of adding 35 000 MW of new capacity by 2019 for the benefit of both the Indonesian population and our shareholders.”
Edited from press release by Angharad Lock
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/16092016/andalas-energy-and-power-announces-corporate-update-28441/