Hess Accelerates Oil Output from Ujung Pangkah

US-based Hess Corp. will accelerate oil output from Ujung Pangkah field in East Java from 2009 to April 2007. Initial production from the field is estimated at 1,600 barrels a day, BPMIGAS Deputy for Operations Dodi Hidayat said.

"Production acceleration will be conducted while they wait for the permanent facilities to be completed in 2009," Dodi said, adding that Ujung Pangkah will also produce 100 mmscfd of gas.

Crude output from Ujung Pangkah area will be sent through a shuttle tanker to Natomas Floating Storage and Offloading in Tuban. The field is expected to produce oil at 5,000 barrels a day in 2009.

Hess owns 75% stake in Pangkah Block, while ConocoPhillips has the remaining 25%.

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