Husky Expects Madura BD Field Off Indonesia to Commence Production in 2017

Husky Energy Inc. expected the Madura BD field in the Madura Strait offshore Indonesia to commence production in 2017 as development work on the project continues, the Canada-based company revealed in its release of financial results for the first quarter of 2016 (1Q 2016) earlier this week.

Construction of a leased floating production, storage and offloading (FPSO) vessel is about 65 percent complete. The vessel, named FPSO Karapan Armada Sterling III, is now undergoing conversion at Keppel Shipyard in Singapore. The floating production facility, which will process gas and liquids production from the liquids-rich BD field in the Madura Strait, is expected to sail away from the shipyard in the third quarter of this year.

Meantime, Husky Energy reported that development drilling is underway.

"The tendering process for a floating production vessel to develop the MDA-MBH and MDK gas fields has been completed and is awaiting government approval, and related engineering, procurement, construction and installation contracts are being progressed," Husky said in the press release.

The firm added that the Indonesian project, when fully ramped up in the 2018-19 timeframe, would provide combined net sales volumes from the BD, MDA-MBH and MDK fields of approximately 100 million cubic feet per day of gas and 2,400 barrels of oil equivalent per day of associated liquids.

Husky holds a 40 percent interest in the project, with field operator China National Offshore Oil Corp. (CNOOC) and Indonesia's Samudra Energy Ltd. the company's partners in the development.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Zion Granted Approval to Drill Well On... (Dec 2)
 -  Production Drilling Begins at Mariner ... (Dec 2)
 -  Subsea 7 Secures Services Contract wit... (Dec 2)
 -  Eni: Oil Worker Dies Following Congo P... (Dec 2)
 -  FAR Refutes Claims that it cannot Farm... (Dec 1)


Most Popular Articles

From the Career Center
Jobs that may interest you
United States Broussard: Senior Field Engineer - MWD/LWD
Expertise: Field Development
Location: Broussard, LA
 
Senior Well Engineer
Expertise: Drilling Engineering|Well Control
Location: United States
 
Brinefield Operations Engineer
Expertise: Field Service Tech|Pipeline Engineering|Production Engineering
Location: Magnolia, AR
 
search for more jobs

Brent Crude Oil : $54.46/BBL 0.96%
Light Crude Oil : $51.68/BBL 1.21%
Natural Gas : $3.44/MMBtu 1.99%
Updated in last 24 hours