OilVoice - Serica Energy Restarts Production at Kambuna Field, offshore Sumatra

Serica Energy Restarts Production at Kambuna Field, offshore Sumatra

Monday, November 09, 2009

Serica Energy plc announces that production has recommenced from the Kambuna field, offshore Sumatra, Indonesia, in which Serica holds a 50% working interest.

Production from the Kambuna field was temporarily suspended on 25 September at the request of the gas buyer, the Indonesian state electricity generation company PLN, so that it could carry out necessary repairs to its gas turbine generators. Repairs have been carried out and production from the field restarted on 7 November at an initial rate of 10 million standard cubic feet (“mmscf”) per day. Resumption of gas sales also allows condensate sales to restart. The Kambuna field produces approximately 100 barrels of condensate per mmscf of gas.

The gas sales contract with PLN provides for a contract quantity of 35 mmscf/day for the first twelve months and it has already been demonstrated that rates in excess of this can be delivered. Once full production is reached, every effort will be made to deliver in excess of 35 mmscf/day to PLN. Sales of 12 mmscf/day to the second buyer are expected to commence in January 2010 plus a further 4-5 mmscf/day of sales for LPG production.