SYDNEY (Yosefardi) – Santos announced on Monday (March 24) that natural gas production has commenced ahead of schedule and on budget from the Peluang gas project offshore East Java in Indonesia.
Sanctioned in February 2013, Peluang is a tie-back to the existing facilities at the Maleo gas field and is located in the Madura Offshore Production Sharing Contract (PSC).
The project is expected to have gross peak production of 25 million standard cubic feet per day. Santos has a 67.5% interest and is the operator of the Madura Offshore PSC. Other partners are PC Madura Ltd and PT Petrogas Pantai Madura.