Eric Watkins
Senior Correspondent
LOS ANGELES, Jan. 13 -- Indonesian oil and gas company PT Medco Energi Internasional has shipped the first consignment of crude oil from Tiaka field off central Sulawesi, Indonesia (OGJ, Jan. 5, 2004, p. 37).
Indonesia's upstream oil and gas regulatory agency, BP Migas, said Medco sent a tanker loaded with 75,000 bbl of crude to PT Pertamina's refinery at Plaju, South Sumatra.
Pertamina operates Tiaka field, which lies in 175 ft of water on the Senoro Toili Block off Toili in Tolo Bay, in cooperation with Medco E&P Tomori.
The field produces 1,850 b/d of oil from two wells, but Medco aims to raise production to 4,000 b/d of oil by yearend and eventually to 5,000 b/d.
BP Migas said Medco plans to drill three more production wells this year.
Contact Eric Watkins at [email protected].