Santos' Wortel Gas Field Offshore Indonesia to Start This Month

Indonesia’s oil and gas regulator BPMigas said Friday that Santos Ltd's Wortel natural gas field offshore Indonesia's Madura island will likely begin production by the end the month, Reuters reported.

The field in the offshore Sampang Block will produce 50 million standard cubic feet per day (MMSCFD) of gas for domestic consumption.

Indonesia Power will receive 60 percent of the supplies while the remaining will be purchased public sector companies.

The additional supply from Wortel field will ramp up Santos' total production off Madura island to 210 MMSCFD.

Santos also produces 110 MMSCFD from its Maleo field and 50 MMSCFD from its Oyong field, Hardiono said.

Maleo field has been supplying gas to state gas distributor Perusahaan Gas Negara (PGN) and Oyong fuel to Grati power plant operated by state electricity company Perusahaan Listrik Negara (PLN).

In November, PGN agreed to more than double the price it pays for gas from Santos to $5.00 per million British thermal units(mmBtu), up from $2.14 per mmBtu.