Speaking to reporters Howard said, “We have had very successful exploration over the last five years in Indonesia, largely in the deep waters offshore East Kalimantan, and now we have a series of projects, almost one per year for the next five years that will bring on line lots of oil and gas.”
“By the end of the decade, Unocal could be producing 1.5 billion cubic feet per day of gas offshore East Kalimantan. The additional gas could potentially supply half the needs of Indonesia’s huge liquefied natural gas facility at East Kalimantan,” added Howard.
Unocal currently produces 200 million cubic feet of gas per day from its East Kalimantan offshore investments. The company also supplies only small amounts of gas to the Bontang LNG complex, which has a combined production capacity of 22.5 million tonnes of LNG per annum.
