Medco Energi Sets 2013 Upstream Capex at $419 Million

MARCH 26, 2013

Indonesian upstream independent, Medco Energi, set its 2013 oil and gas E&P budget at $419 million. Further out, it forecast its 2013-2015 capex budget would be around $1.1 billion.

Indonesia Project Updates
  • Senoro Upstream, Central Sulawesi: Gas plant of 310 MMcf/d to be commissioned in Q3-2014; overall progress at 10%
  • DSLNG Downstream, Central Sulawesi: LNG facility of 2 MT per annum targets first LNG by Q4-2014; Engineering, Procurement and Construction (EPC) progress at over 80%
  • Block A, Sumatra: Gas field development of up to 60 MMcf/d with start-up planned for 2015-2016; main EPC tender negotiation near complete
  • Rimau EOR Project, Sumatra: Started commissioning chemical injection in Kaji Semoga for improved recovery of up to 60 MMbbl starting 2015-2017
  • Area 47, Libya: Oil field development of 50-100 Mbbl/d; 26 wells drilled with 18 wells discovering oil and gas; target declaration of commerciality of structures B, C and J by Q3-2013

 

View Medco Energi Investor Update Presentation, March 2013

http://www.1derrick.com/medco-energi-sets-2013-upstream-capex-at-419-million/7033/

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About artidj

I started working as a field engineer in Oil & Gas industry back in 1996. I do this news clipping of the industry and the geography I am interested in, mainly for my own information. I'm glad you find it useful.
This entry was posted in Downstream, E&P, Exploration, Indonesia, Upstream and tagged , , . Bookmark the permalink.

One Response to Medco Energi Sets 2013 Upstream Capex at $419 Million

  1. Intl Energy Window & Allied Co. Ltd says:

    Your infornation is infornative

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