CEO Dave Bennett said there were several development options available for the offtake of Kahili gas, LPGs and condensate. The Company and its joint venture partners have entered second stage talks with one of several companies interested in taking the Kahili gas; and are aiming to have a draft contract signed with one of the interested parties within two months; with commercial production starting before end of 2003.
Kahili-1A/B has previously flowed at 5 million standard cubic feet per day (MMSCf/d) and a second well might bring total field production to over 10 MMScf/d. However, successful production for an extended period from Kahili-1A/B is required before any second well would be considered.
Indo-Pacific holds 45% equity in Kahili license PEP 38736, along with Australian companies Tap Oil (30%) and Claire Energy (25%).
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