These are all gas.
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Although pessimistic about Andaman III drilling, Tutuka still has hopes for other blocks still in the Andaman area, namely Andaman I managed by Mubadala Petroleum (MP) and Premier Oil or Harbour Energy.
Tutuka said, Andaman I has
recoverable reserves of 239 million oil equivalents which are planned to be
on-stream estimated in 2030
Andaman II, managed by Harbor Energy, MP, and BP, has
recoverable reserves of 2.02 billion barrels of oil equivalent that are planned to be
on-stream or produce in 2028.
Finally, the South Andaman Block is managed by MP and Harbour Energy with
recoverable reserves of 709 million
barrels of oil equivalent which is estimated to be
on-stream in 2030.
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Domestic Gas Consumption Reaches 68.66 Percent Until July 2022, Dominated by the Industrial Sector
Annissa Mutia12/10/2022 16:10 PM
Domestic Gas Utilization by Sector (July 2022)
View attachment 939458
The Ministry of Energy and Mineral Resources (ESDM) reported that
domestic gas absorption until July 2022 reached 3,716BBTUD or 68.66%. This figure continues to increase from previous years.
"Our gas production has been mostly used for domestic needs, which is 68.66%. That reversed conditions a few years ago where it was mostly for export. Now 2/3 of gas production is for the nation," said Director General of Oil and Gas Tutuka Ariadji in Jakarta, Monday (10/10) in his official statement.
Domestic gas consumption is dominated to meet the needs of the industrial sector by 29.2%, fertilizer 13.49%, electricity 11.62%, domestic LNG 8.47%, lifting 3.48%, domestic LPG 1.51% and city gas 0.19%, and BBG 0.08%. Meanwhile, gas exports reached 1,697 BBTUD or 31.34%, namely LNG exports 19.58% and pipeline gas exports 11.77%.
"Gas utilization for industry is almost 30%. We continue to encourage our industry to grow," Tutuka added.
This increase in domestic gas utilization is to support domestic industries to be more competitive. In this regard, the Government has enacted Presidential Regulation Number 121 of 2020 concerning Natural Gas Pricing. Based on the regulation, there are seven fields that get a certain natural gas price of US $ 6 per MMBTU, namely the fertilizer, petrochemical, oleochemical, steel, ceramic, glass and rubber glove industries.
Indonesia's gas potential to date is quite promising with proven reserves of around 41.62 TCF. Although its reserves are insignificant compared to world reserves, Indonesia still has 68 potential unexplored basins offered to investors. Based on Indonesia's Gas Balance 2022-2030, Indonesia will be able to meet domestic needs from existing oil and gas fields. In the next 10 years, Indonesia is also expected to experience a gas surplus of up to 1715 MMSCFD from several potential projects.
Currently, there are four oil and gas projects included in the National Strategic Project (PSN), namely the Indonesia Deepwater Development (IDD) Project, Abadi Masela, Jambaran Tiung Biru (JTB) and Tangguh Train 3. The government expects gas production not only to come from projects that enter the PSN, but also other fields such as Andaman.
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