Indonesia's Energi Mega Starts Commercial Gas Production at Malacca Strait Block

Indonesian oil and gas company Energi Mega Persada (EMP) on Monday reported that its 60.49% owned and operated Malacca Strait block commenced its first commercial gas volume of 8.5 million cubic feet per day.

The gas, produced from the block’s Kuat gas field and sold at $8.00/mmbtu, is supplied to the joint operating body of Bumi Siak Pusako and Pertamina Hulu Energi.

Imam Agustino, EMP’s CEO, said, “The additional gas output is expected to have positive impact on the company’s financial results in the second half of 2014.”

EMP operates 12 oil and gas assets in Indonesia and Mozambique (Africa). In the first quarter 2014, the company produced around 12,700 barrels oil per day and 231 million cubic feet gas per day, equivalent to 51,290 boepd.