ConocoPhillips gas project in South Sumatera starts ahead of schedule

JAKARTA (TheInsiderStories) –  Sumpal gas compression project in Corridor Block, South Sumatra managed by PT ConocoPhillips Indonesia begins faster than the initial target of July, 2017. Energy and Mineral Resources Minister Ignasius Jonan said in a press statement, the Sumpal gas compression project will pump production at the Grissik Field from 265 million standard cubic feet per day (MMSCFD) to 310 MMSCFD. The faster completion of the project helps lower investment costs by 25 percent from US$222.9 million to US$163.6 million. ConocoPhillips plan to maintain gas production at Suban’s compression facility, also in the Corridor Block, by 700 MMSCFD. The total production from both gas compression facilities will amount to 1,000 MMSCFD. (*)