Total, Inpex budget $2 billion for Indonesian EOR
A Total executive revealed on a visit to Indonesia that the firm and its Japanese partner Inpex will invest $2 billion next year for EOR in the partners' oil and gas fields in Indonesia.
PARIS, July 11 -- Total SA Vice-Pres. of E&P Jean-Louis Darricacarrere revealed on a visit to Indonesia that the group and its Japanese partner Inpex will invest, together, some $2 billion next year to enhance recovery in the partners' oil and gas fields in Indonesia, both offshore and in the Mahakam River Delta. Total has already invested $11 billion in its Indonesian fields.
It will use enhanced recovery technology developed elsewhere but not yet applied in Indonesia. The group produces 90,000 b/d of oil and condensates and 2.6 bcfd of gas. High oil prices henceforth make it sensible to increase expenditures, especially in the Mahakam delta, where fracturation in several layers of sand is being attempted in Tambura gas field to reach inaccessible pockets of gas.
Total, which has officially dedicated its Sisi and Nubi gas fields' coming on stream, is eyeing participation in Indonesia's giant offshore Natuna gas field which also requires huge investments to develop because of a strong carbon dioxide concentration.