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AWE/Santos – Ande Ande Lumut Oil Field Development – Indonesia - Project Profile

AWE/Santos – Ande Ande Lumut Oil Field Development – Indonesia - Project Profile

Synopsis

"AWE/Santos – Ande Ande Lumut Oil Field Development – Indonesia - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "AWE/Santos – Ande Ande Lumut Oil Field Development – Indonesia - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

AWE Limited (AWE) and Santos Northwest Natuna B.V. (Santos), a subsidiary of Santos Ltd, are planning to undertake the development of oil field in Northwest Natuna Sea, Indonesia.

The project involves the development of an offshore oil field with an initial plateau production rate of 25,000 barrels of oil per day with total recover reserves of 101 million barrels of oil.

The project includes the drilling of 33 longer reach horizontal wells in the K-Sand and an appraisal well in the underlying G sand to produce 35 million barrels of gross recoverable oil to the project’s reserves.

The project also includes the installation of a well-head platform (WHP) and a permanently moored floating production storage and offloading vessel (FPSO), with oil off-take via shuttle tankers.

A Plan of Development for the field was approved by the Indonesian government in late 2011.

In May 2013, an independent audit and certification was completed by RPS Energy Services.

PT Synergy Engineering has been roped to provide front-end engineering design (FEED) services. Synergy’s scope for the FEED of the project includes all the layouts, structural design of both topsides and jacket, and the power distribution of the approximately 12 MW required by the production equipment. The work scope include the detail cost estimate for the facility and the proposed scheduling for the engineering, procurement, construction and installation (EPCI) contractor.

In November 2014, Santos issued a pre-qualification tender for the EPCI of WHP. However, the tender was later suspended.

On June 17, 2015, Santos issued a pre-qualification for leasing one unit of floating production storage and offloading (FPSO) with submission date on July 9, 2015.

The scope of the work includes leasing service, operate and maintains the FPSO, providing design and engineering service, fabrication and construction, conversion, integration and operation.

The absolute minimum working storage of the FPSO is set at 570,000 barrels of oil (excluding ullage requirement). The leasing contract will last for nine years with option to extent in several stages.

On June 17, 2015, Santos reissued a tender for the pre-qualification of EPCI contractors for WHP with submission date as July 15, 2015.

The scope of the work will include providing engineering service, fabrication/construction, onshore pre-commissioning, load out, sea transportation, installation, hook-up, pre-commissioning at offshore, commissioning and start-up assistance. The components of WHP consist of jacket structure, topsides and piles.

The front end engineering design (FEED) process has been completed.

Stage one technical tenders have been completed in 2016.

Stage two commercial tenders are temporarily delayed in order Plan of Development (POD) to be revised.

Field development studies are underway. A final investment decision (FID) is underway expected in second half of 2018.Scope

The project involves the development of an offshore oil field with an initial plateau production rate of 25,000 barrels of oil per day in Northwest Natuna Sea, Indonesia.

The US$800 million project includes the following:

1. Drilling of 33 wells in the K-Sand field

2. Drilling of an appraisal well in G sand field

3. Construction of a well-head platform

4. Deployment of floating production storage and offloading (FPSO) vesselReasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix

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