TTA: TOTAL: Indonesia: Total Starts South Mahakam Production Ahead of
UK Regulatory Announcement
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) announces the start-up of its South
Mahakam gas condensate project two months ahead of schedule.
The South Mahakam is part of the program being implemented to offset
production decline impacting the Mahakam PSC (Production Sharing Contract).
Total E&P Indonesie (50%) operates the project alongside Inpex (50%). The
project envisages a phased development of three gas condensate fields (Stupa,
West Stupa and East Mandu) and two gas fields (Jempang and Metulang), which
are located approximately 35 kilometers southeast of Balikpapan and 58
kilometers south of the Peciko field, with water depths ranging from 45 to 60
meters. The first phase involves the installation of three platforms and the
drilling of nineteen wells.
Production is expected to ramp up to reach an average flow rate of 69,000
barrel of oil equivalent per day (boe/d), including 18,000 barrel per day of
condensates at the end of 2013. Gas and liquids will be exported through a new
pipeline from the Stupa platform to the Senipah onshore terminal operated by
Total. Like the rest of the Group’s production in the country, a portion of
the gas will then be sent for liquefaction at the Bontang plant and the other
portion will be used to supply domestic clients.
Jean-Marie Guillermou, Total’s Senior Vice President Asia-Pacific, Exploration
& Production, provided the following comment on the occasion: “This successful
start-up of a new major project in the Mahakam PSC illustrates the efficient
work done by Total E&P Indonesie’s teams and the Group’s commitment to
continue a successful development of the Mahakam PSC despite its maturity”.
Total Exploration and Production in Indonesia
Total has been present in Indonesia since 1968, with operations primarily
concentrated in the offshore Mahakam block (50%, operator) in East Kalimantan
covering the Peciko and Tunu gas fields as well as the Bekapai and Handil oil
fields. Total is also operating the Sisi-Nubi gas field with a 47.9% interest.
In October 2012, Total signed two production sharing contracts for the Telen
and Bengkulu T - Mentawai exploration blocks. The Group is the largest gas
producing operator in Indonesia and currently contributes approximately 80% of
the Bontang LNG Plant’s gas supply. Total’s production in Indonesia was
158,000 boe/d in 2011.
As part of its Corporate Social Responsibility in Indonesia, Total is
intensely involved in community empowerment and capacity building actions in
the areas of education and research, health and nutrition, local economic
initiatives, environment and alternative energies. These endeavors are
consistent with Total’s commitment to answer the challenges of sustainable
Total’s commitment in the country is further exemplified through its manpower
program, with an extensive program to develop national manpower and high level
national managers through training and international assignments, as well as
career developments for new recruits. Total also continues to enlarge
partnerships with national businesses and significantly enhances indirect
employment, which is currently estimated at 22,000 full time jobs on its
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Total is one of the largest integrated oil and gas companies in the world,
with activities in more than 130countries. The Group is also a first rank
player in chemicals. Its 96,000employees put their expertise to work in every
part of the industry – exploration and production of oil and natural gas,
refining and marketing, new energies, trading, and chemicals. Total is working
to help satisfy the global demand for energy, both today and tomorrow.
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Tel. : (1) 713-483-5070
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