Husky Energy has installed the jacket and wellhead platform for the Madura Strait BD gas-condensate field development, offshore Indonesia.
Development drilling is expected to started soon, at the 55m water depth site, and the project remains on target for first production in 2017.
The BD field is the first of a series of gas developments Husky is advancing offshore Indonesia. It is expected to produce net peak production of about 40 MMcf/d of gas and 2400 b/d of liquids.
"Our Indonesia gas developments represent some of the strongest growth opportunities in our deep portfolio and are particularly strategic in the current commodity price environment," said CEO Asim Ghosh.
Construction of an FPSO (floating production, storage and offloading) vessel to process gas and liquids production from the field is approximately 30% complete, and all major long-lead time items have been ordered.
Husky continues to progress a series of other gas developments offshore Indonesia that are expected to add production in the 2017-2019 timeframe.
A tendering process is underway for a floating production vessel and related engineering, procurement, construction and installation contracts for the combined MDA-MBH fields, also located in the Madura Strait. The MDA-MBH fields are expected to produce about 50 MMcf/day (net) at peak production, and a fixed price, set volume sales gas agreement is in place.
A third discovery, the MDK field, is planned to be tied into the MDA-MBH field infrastructure. A plan of development has been approved, and the field is expected to produce approximately 10 MMcf/d (net) at peak. A gas price/volume contract is being negotiated.
Longer term, Husky has four other Madura Strait discoveries that are under evaluation for development.
The company holds a 40% interest in all of the Indonesia projects, which will be developed in partnership with CNOOC (as the operator) and an affiliate of Samudra Energy Ltd., Indonesia.
Offshore China
In addition to the Indonesia offshore developments, Husky has several projects in production and under development offshore China.
The Liwan Gas Project in the South China Sea continues to deliver steady production averaging about 295 MMcf/d (gross) and associated liquids of about 14,800 boe/d (153 MMcf/d and 8300 boe/d net to Husky). Negotiations for the sale of gas and liquids from a third field associated with the development, Liuhua 29-1, continue to be pursued.
Husky also holds a 40% working interest in the Wenchang oil field, located in the Pearl River Mouth Basin about 400km southwest of Hong Kong.
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