Article out 8th august....
September start for Oyong
By Upstream staff
Singapore Petroleum Company (SPC) expects first oil to start flowing from the Indonesian Oyong field in September, chief executive Koh Ban Heng said.
“The barge will now sail for Oyong next week and will take a couple of weeks to reach the field. First oil is now expected in September.' Koh told the Singapore Business Times newspaper.
SPC had indicated in its second quarter results statement earlier this week that first oil production from Oyong was targeted to be in the second half of the year.
The Oyong joint venture partners have had problems securing and mobilising the production barge amid the tight rig market.
Santos, the field's Australian operator, said last month that between 5000 and 8000 barrels of oil per day are expected from the field off East Java.
It will be SPC's second producing field after Indonesia's Kakap, where the company is currently pumping 2540 bpd of oil equivalent.
Santos has a 45% interest in Oyong. SPC has a 40% stake and Australia’s Cue Energy holds the remaining 15%.