Chevron Indonesia Company Ltd. announced Wednesday the commencement of gas production from the Bangka Field Development Project, the first stage of the Chevron-operated Indonesia Deepwater Development (IDD) Project in East Kalimantan.
The operator said the Bangka project has a design capacity of 110 million cubic feet of natural gas and 4,000 barrels of condensate per day.
"First gas for the Bangka Project is a significant milestone ... The project represents Chevron’s commitment to bring global capabilities and advanced technology to Indonesia and applies best practices and expertise from our deepwater developments around the world," Chuck Taylor, managing director Chevron IndoAsia Business Unit, said in the press release.
Chevron owns a 62 percent interest in the project, with Eni and Tip Top holding 20 percent and 18 percent stakes, respectively. The company said a final investment decision was reached in 2014, following government approvals, with the drilling of development wells commencing in the second half of 2014.
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